Virtus Investment Advisers LLC Has $1.58 Million Stock Position in Nu Holdings Ltd. $NU

Virtus Investment Advisers LLC boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 115,382 shares of the company’s stock after purchasing an additional 2,979 shares during the period. Virtus Investment Advisers LLC’s holdings in NU were worth $1,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Focus Partners Advisor Solutions LLC increased its position in NU by 5.5% during the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock worth $164,000 after acquiring an additional 838 shares during the period. Rothschild Investment LLC boosted its holdings in NU by 6.3% in the 2nd quarter. Rothschild Investment LLC now owns 17,671 shares of the company’s stock valued at $242,000 after purchasing an additional 1,046 shares during the period. Frank Rimerman Advisors LLC grew its position in NU by 1.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 76,238 shares of the company’s stock worth $1,046,000 after purchasing an additional 1,063 shares during the last quarter. Dakota Wealth Management increased its holdings in shares of NU by 3.9% during the 2nd quarter. Dakota Wealth Management now owns 31,314 shares of the company’s stock worth $430,000 after purchasing an additional 1,180 shares during the period. Finally, Verdence Capital Advisors LLC increased its holdings in shares of NU by 3.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 43,704 shares of the company’s stock worth $600,000 after purchasing an additional 1,351 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

NYSE:NU opened at $17.25 on Friday. The stock has a market capitalization of $83.10 billion, a P/E ratio of 33.81, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $17.38. The firm has a 50 day moving average of $15.75 and a 200-day moving average of $14.09.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $3.96 billion. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the subject of several research reports. Susquehanna increased their target price on shares of NU from $17.00 to $19.00 and gave the company a “positive” rating in a research note on Friday, November 14th. UBS Group raised their price objective on NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. boosted their price objective on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Bank of America upped their target price on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Finally, Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, NU currently has an average rating of “Moderate Buy” and an average price target of $17.44.

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.