Swiss National Bank Buys 8,400 Shares of Nu Holdings Ltd. $NU

Swiss National Bank boosted its position in Nu Holdings Ltd. (NYSE:NU) by 0.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,258,313 shares of the company’s stock after acquiring an additional 8,400 shares during the quarter. Swiss National Bank’s holdings in NU were worth $99,584,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in shares of NU in the 2nd quarter worth $27,000. Capital Analysts LLC acquired a new position in NU during the first quarter worth $31,000. ORG Partners LLC lifted its stake in shares of NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after buying an additional 1,920 shares in the last quarter. Quaker Wealth Management LLC grew its holdings in shares of 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 buying an additional 4,341 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of NU during the first quarter worth about $34,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group raised their price target on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Santander raised shares of NU to a “neutral” rating in a report on Monday, August 25th. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and raised their price target for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Bank of America lifted their target price on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.44.

NU Trading Up 3.8%

Shares of NU stock opened at $15.90 on Friday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.55. The company has a quick ratio of 0.57, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $15.68 and a 200-day moving average of $13.99. The firm has a market cap of $76.62 billion, a P/E ratio of 31.18, a PEG ratio of 0.80 and a beta of 1.08.

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.

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.