Gordian Capital Singapore Pte Ltd Buys Shares of 120,000 Nu Holdings Ltd. $NU

Gordian Capital Singapore Pte Ltd bought a new position in Nu Holdings Ltd. (NYSE:NU) in the third quarter, HoldingsChannel reports. The institutional investor bought 120,000 shares of the company’s stock, valued at approximately $1,921,000. NU accounts for approximately 2.6% of Gordian Capital Singapore Pte Ltd’s holdings, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its position in shares of NU by 1.8% during the third quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock valued at $712,000 after buying an additional 804 shares during the last quarter. Canvas Wealth Advisors LLC lifted its stake in NU by 4.9% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock valued at $292,000 after acquiring an additional 900 shares during the period. Covestor Ltd boosted its holdings in shares of NU by 8.2% during the 3rd quarter. Covestor Ltd now owns 12,194 shares of the company’s stock valued at $195,000 after acquiring an additional 919 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of NU by 15.3% in the third quarter. TD Waterhouse Canada Inc. now owns 7,324 shares of the company’s stock worth $128,000 after acquiring an additional 972 shares during the period. Finally, Core Wealth Partners LLC raised its holdings in shares of NU by 8.0% during the third quarter. Core Wealth Partners LLC now owns 13,500 shares of the company’s stock valued at $216,000 after purchasing an additional 1,000 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 target price on shares of NU in a report on Thursday, December 18th. Susquehanna lifted their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. upped 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. Weiss Ratings raised NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, KeyCorp raised their target price on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and an average price target of $18.22.

NU Trading Up 1.3%

NU stock opened at $14.87 on Wednesday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The firm has a market capitalization of $71.63 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 0.47 and a beta of 1.11. The firm has a 50 day moving average of $16.88 and a 200 day moving average of $16.24. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.