Cetera Investment Advisers Increases Position in Nu Holdings Ltd. (NYSE:NU)

Cetera Investment Advisers grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 20.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 134,715 shares of the company’s stock after purchasing an additional 22,996 shares during the period. Cetera Investment Advisers’ holdings in NU were worth $1,736,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital Research Global Investors increased its holdings in NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after buying an additional 27,420,994 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of NU by 9.7% during the second quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock valued at $2,397,064,000 after purchasing an additional 16,512,911 shares during the last quarter. Jennison Associates LLC lifted its position in NU by 32.4% during the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock valued at $1,039,770,000 after purchasing an additional 21,342,814 shares during the period. Whale Rock Capital Management LLC boosted its holdings in NU by 0.8% in the first quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock worth $298,308,000 after purchasing an additional 204,305 shares during the last quarter. Finally, Sei Investments Co. grew its position in NU by 23.0% in the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after purchasing an additional 3,544,124 shares during the period. 80.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research report on Friday, August 2nd. Jefferies Financial Group raised their price objective on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. JPMorgan Chase & Co. raised their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Susquehanna restated a “positive” rating and set a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.74.

NU Stock Performance

NYSE:NU opened at $14.68 on Tuesday. The stock’s 50 day simple moving average is $13.91 and its two-hundred day simple moving average is $12.62. Nu Holdings Ltd. has a 1 year low of $7.68 and a 1 year high of $15.16. 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 company has a market cap of $69.96 billion, a price-to-earnings ratio of 56.46, a PEG ratio of 0.61 and a beta of 1.15.

NU (NYSE:NU) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share 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 period in the previous year, the firm posted $0.05 EPS. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

NU Company 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.