Western Wealth Management LLC Acquires 5,330 Shares of Nu Holdings Ltd. $NU

Western Wealth Management LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 35.8% in the second quarter, Holdings Channel reports. The institutional investor owned 20,228 shares of the company’s stock after acquiring an additional 5,330 shares during the period. Western Wealth Management LLC’s holdings in NU were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Armstrong Advisory Group Inc. bought a new stake in shares of NU during the 2nd quarter valued at $27,000. Quaker Wealth Management LLC raised its holdings in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after purchasing an additional 4,341 shares during the period. ORG Partners LLC raised its holdings in NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after purchasing an additional 1,920 shares during the period. Allworth Financial LP lifted its position in NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after purchasing an additional 1,601 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in NU during the second quarter valued at about $36,000. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Bank of America upped their price target on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price objective for the company in a research note on Monday, August 25th. Itau BBA Securities upgraded shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. lifted their price target on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Finally, Susquehanna upped their price target on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and an average price target of $17.33.

NU Trading Up 2.2%

NU stock opened at $15.66 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.57. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.55. The business has a 50 day simple moving average of $15.68 and a two-hundred day simple moving average of $13.95. The company has a market capitalization of $75.46 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 0.77 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.