Bessemer Group Inc. Boosts Holdings in Nu Holdings Ltd. $NU

Bessemer Group Inc. boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,464 shares of the company’s stock after purchasing an additional 3,545 shares during the quarter. Bessemer Group Inc.’s holdings in NU were worth $2,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NU. Armstrong Advisory Group Inc. bought a new position in shares of NU during the second quarter worth $27,000. ORG Partners LLC increased its holdings in NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after acquiring an additional 1,920 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in NU in the 2nd quarter worth $36,000. Capital Analysts LLC purchased a new stake in NU in the 1st quarter worth $31,000. Finally, FNY Investment Advisers LLC boosted its holdings in shares of NU by 334,100.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock valued at $45,000 after purchasing an additional 3,341 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Santander upgraded NU to a “neutral” rating in a report on Monday, August 25th. Susquehanna upped their price objective on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price for the company in a report on Monday, August 25th. Finally, Bank of America boosted their price target on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.10.

NU Price Performance

NYSE:NU opened at $16.07 on Friday. The firm has a market capitalization of $77.45 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 0.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50 day simple moving average of $15.37 and a 200-day simple moving average of $13.51. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.42.

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

NU 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.