Simon Quick Advisors LLC Makes New $240,000 Investment in Nu Holdings Ltd. $NU

Simon Quick Advisors LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 2nd quarter, Holdings Channel.com reports. The firm bought 17,493 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Strs Ohio acquired a new position in NU during the 2nd quarter worth about $10,690,000. Impact Partnership Wealth LLC acquired a new position in NU during the 2nd quarter worth about $773,000. Amalgamated Bank lifted its holdings in NU by 5.5% during the 2nd quarter. Amalgamated Bank now owns 240,186 shares of the company’s stock worth $3,295,000 after buying an additional 12,601 shares during the period. World Investment Advisors acquired a new position in NU during the 2nd quarter worth about $176,000. Finally, Quaker Wealth Management LLC lifted its holdings in NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after buying an additional 4,341 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU stock opened at $16.13 on Tuesday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.50. The firm has a market capitalization of $77.70 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 0.83 and a beta of 1.08. The business has a 50-day simple moving average of $15.45 and a 200 day simple moving average of $13.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

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

Wall Street Analyst Weigh In

Several research analysts have commented on NU shares. JPMorgan Chase & Co. lifted their target price on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Susquehanna lifted their target price on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. Bank of America boosted their price objective on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Citigroup raised NU from a “sell” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Monday, August 18th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.10.

About NU

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.