Nu Holdings Ltd. $NU Stake Increased by Virtus Investment Advisers LLC

Virtus Investment Advisers LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,382 shares of the company’s stock after buying an additional 2,979 shares during the quarter. Virtus Investment Advisers LLC’s holdings in NU were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new position in NU during the 2nd quarter valued at about $27,000. Capital Analysts LLC acquired a new stake in shares of NU during the first quarter worth approximately $31,000. ORG Partners LLC boosted its holdings in shares of NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after purchasing an additional 1,920 shares during the period. Quaker Wealth Management LLC grew its position in NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after purchasing an additional 4,341 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in NU in the 1st quarter valued at approximately $34,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Monday, August 18th. Santander upgraded NU to a “neutral” rating in a research note on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Finally, KeyCorp boosted their price target on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and an average target price of $17.44.

NU Stock Up 3.8%

Shares of NU stock opened at $17.25 on Friday. The stock’s 50 day simple moving average is $15.75 and its 200 day simple moving average is $14.09. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $17.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $83.10 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 0.82 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Profile

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.