D.B. Root & Company LLC Invests $162,000 in Nu Holdings Ltd. $NU

D.B. Root & Company LLC acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,832 shares of the company’s stock, valued at approximately $162,000.

Several other large investors have also recently added to or reduced their stakes in NU. Belpointe Asset Management LLC acquired a new position in shares of NU during the second quarter valued at $648,000. Valeo Financial Advisors LLC bought a new stake in NU in the 2nd quarter valued at about $889,000. Carolina Wealth Advisors LLC boosted its stake in NU by 31.5% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 74,405 shares of the company’s stock valued at $1,021,000 after purchasing an additional 17,842 shares during the period. Sava Infond d.o.o. bought a new position in NU in the 2nd quarter worth about $823,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of NU in the second quarter valued at approximately $648,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NU shares. JPMorgan Chase & Co. boosted their price objective on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. UBS Group boosted their price target on NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price target for the company in a research note on Monday, August 25th. Morgan Stanley restated an “overweight” rating on shares of NU in a research note on Friday, June 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research report on Saturday, September 27th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.06.

NU Trading Up 0.5%

Shares of NU stock opened at $15.38 on Tuesday. The business has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $12.91. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.42. The firm has a market cap of $74.11 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the business earned $0.12 earnings per share. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company 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.