MBM Wealth Consultants LLC Acquires 9,503 Shares of Nu Holdings Ltd. $NU

MBM Wealth Consultants LLC raised its holdings in Nu Holdings Ltd. (NYSE:NU) by 19.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,929 shares of the company’s stock after buying an additional 9,503 shares during the period. MBM Wealth Consultants LLC’s holdings in NU were worth $795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NU. Norges Bank acquired a new position in NU during the 2nd quarter valued at about $626,569,000. Nuveen LLC bought a new position in shares of NU in the first quarter valued at approximately $221,317,000. Orbis Allan Gray Ltd purchased a new position in shares of NU during the first quarter valued at approximately $150,763,000. Jennison Associates LLC grew its holdings in NU by 38.1% during the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after buying an additional 11,567,865 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. raised its position in NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock valued at $333,575,000 after buying an additional 11,465,700 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on NU shares. Santander raised shares of NU to a “neutral” rating in a report on Monday, August 25th. JPMorgan Chase & Co. boosted their price target on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. UBS Group lifted their target price on shares of NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, KeyCorp upped their target price on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.44.

NU Trading Up 1.2%

Shares of NU stock opened at $17.47 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The firm has a market cap of $84.16 billion, a P/E ratio of 34.25, a PEG ratio of 0.83 and a beta of 1.08. The company has a 50 day moving average of $15.77 and a 200-day moving average of $14.14. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $17.56.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.