Bleakley Financial Group LLC Purchases 6,688 Shares of Nu Holdings Ltd. (NYSE:NU)

Bleakley Financial Group LLC boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 58.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,057 shares of the company’s stock after buying an additional 6,688 shares during the period. Bleakley Financial Group LLC’s holdings in NU were worth $246,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Marcum Wealth LLC grew its stake in shares of NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after buying an additional 903 shares in the last quarter. Stokes Family Office LLC increased its holdings in shares of NU by 10.0% in the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock worth $131,000 after buying an additional 1,000 shares during the last quarter. Fortis Capital Management LLC raised its position in shares of NU by 6.6% during the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after buying an additional 1,072 shares in the last quarter. Finally, Americana Partners LLC lifted its holdings in shares of NU by 7.8% in the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after acquiring an additional 1,115 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Trading Up 1.4 %

NU stock opened at $14.75 on Thursday. Nu Holdings Ltd. has a 12 month low of $7.74 and a 12 month high of $15.16. The firm’s 50-day moving average is $14.20 and its 200 day moving average is $12.72. The company has a market capitalization of $70.27 billion, a PE ratio of 56.71, a P/E/G ratio of 0.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Barclays increased their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective 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. The Goldman Sachs Group increased their target price on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.21.

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.