Oppenheimer Asset Management Inc. Buys 3,784 Shares of Nu Holdings Ltd. (NYSE:NU)

Oppenheimer Asset Management Inc. grew its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 22.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,394 shares of the company’s stock after purchasing an additional 3,784 shares during the period. Oppenheimer Asset Management Inc.’s holdings in NU were worth $263,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allen Investment Management LLC increased its holdings in NU by 456.7% during the 2nd quarter. Allen Investment Management LLC now owns 1,016,793 shares of the company’s stock worth $13,106,000 after purchasing an additional 834,158 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new position in shares of NU in the 2nd quarter worth approximately $660,000. Thornburg Investment Management Inc. boosted its stake in shares of NU by 14.5% in the 2nd quarter. Thornburg Investment Management Inc. now owns 2,453,222 shares of the company’s stock worth $31,618,000 after buying an additional 310,306 shares during the last quarter. BOKF NA boosted its stake in shares of NU by 7,807.6% in the 2nd quarter. BOKF NA now owns 25,067 shares of the company’s stock worth $323,000 after buying an additional 24,750 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of NU by 73.1% in the 2nd quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock worth $222,194,000 after buying an additional 7,279,458 shares during the last quarter. 80.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NU. JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Susquehanna reiterated a “positive” rating and issued a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. The Goldman Sachs Group upped their price objective on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Jefferies Financial Group upped their price objective on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus target price of $14.08.

NU Trading Down 1.1 %

Shares of NU stock opened at $14.63 on Friday. The company’s fifty day simple moving average is $13.49 and its two-hundred day simple moving average is $12.38. 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 Holdings Ltd. has a 1 year low of $6.77 and a 1 year high of $15.16. The stock has a market capitalization of $69.73 billion, a price-to-earnings ratio of 56.27, a PEG ratio of 0.68 and a beta of 1.17.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the prior year, the firm posted $0.05 earnings per share. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.4 earnings per share for the current year.

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.