MBM Wealth Consultants LLC Boosts Stock Position in Nu Holdings Ltd. $NU

MBM Wealth Consultants LLC lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 19.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,929 shares of the company’s stock after acquiring an additional 9,503 shares during the period. MBM Wealth Consultants LLC’s holdings in NU were worth $795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. bought a new position in NU in the 2nd quarter worth about $27,000. Capital Analysts LLC bought a new stake in shares of NU during the first quarter valued at about $31,000. ORG Partners LLC lifted its holdings in shares of NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after buying an additional 1,920 shares in the last quarter. Quaker Wealth Management LLC boosted its position in shares of NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after acquiring an additional 4,341 shares during the period. Finally, Banque Transatlantique SA purchased a new position in NU during the first quarter valued at approximately $34,000. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NU stock opened at $17.47 on Monday. The firm has a market capitalization of $84.16 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 0.83 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 12 month low of $9.01 and a 12 month high of $17.56. The business’s 50-day moving average price is $15.77 and its 200-day moving average price is $14.14.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NU. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and increased their target price for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Santander raised NU to a “neutral” rating in a research note on Monday, August 25th. Itau BBA Securities upgraded 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. UBS Group lifted their price target on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.44.

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.