Amalgamated Bank Buys 67,216 Shares of Nu Holdings Ltd. (NYSE:NU)

Amalgamated Bank increased its stake in Nu Holdings Ltd. (NYSE:NU) by 45.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,062 shares of the company’s stock after buying an additional 67,216 shares during the quarter. Amalgamated Bank’s holdings in NU were worth $2,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NU. Beacon Pointe Advisors LLC bought a new stake in shares of NU in the 4th quarter worth about $199,000. Corient Private Wealth LLC boosted its position in shares of NU by 6.7% during the fourth quarter. Corient Private Wealth LLC now owns 101,604 shares of the company’s stock valued at $846,000 after buying an additional 6,383 shares during the period. Quest Partners LLC bought a new position in shares of NU during the fourth quarter valued at approximately $151,000. Franklin Resources Inc. raised its holdings in shares of NU by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 4,309,900 shares of the company’s stock worth $35,901,000 after buying an additional 10,858 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of NU by 24.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 251,765 shares of the company’s stock worth $2,097,000 after acquiring an additional 48,979 shares during the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NU stock opened at $14.69 on Tuesday. The company has a market cap of $70.01 billion, a P/E ratio of 56.50, a PEG ratio of 0.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The stock’s 50-day moving average is $13.52 and its 200 day moving average is $12.42. Nu Holdings Ltd. has a 1-year low of $6.77 and a 1-year high of $15.16.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm earned $0.05 EPS. Research analysts predict that Nu Holdings Ltd. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group increased their target price on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group lifted their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. upped their target price on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Susquehanna reissued a “positive” rating and issued a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.08.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.