Nu Holdings Ltd. (NYSE:NU) Stock Holdings Increased by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,474 shares of the company’s stock after purchasing an additional 3,858 shares during the quarter. Atomi Financial Group Inc.’s holdings in NU were worth $948,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NU. Tennessee Valley Asset Management Partners acquired a new stake in shares of NU during the fourth quarter valued at approximately $52,000. UMB Bank n.a. acquired a new stake in shares of NU during the fourth quarter valued at approximately $55,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of NU during the fourth quarter valued at approximately $94,000. ProVise Management Group LLC raised its holdings in shares of NU by 13.5% during the fourth quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock valued at $96,000 after acquiring an additional 1,380 shares during the period. Finally, Sapient Capital LLC purchased a new position in NU during the fourth quarter valued at approximately $99,000. 80.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NU shares. Barclays started coverage on shares of NU in a research report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 price objective on the stock. Susquehanna boosted their price objective on shares of NU from $12.00 to $14.00 and gave the company a “positive” rating in a research report on Wednesday, May 15th. Jefferies Financial Group boosted their price objective on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research report on Monday, June 24th. The Goldman Sachs Group boosted their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday. Finally, KeyCorp boosted their price objective on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.23.

NU Stock Performance

Shares of NU stock traded down $0.01 on Monday, reaching $13.40. The stock had a trading volume of 11,031,280 shares, compared to its average volume of 28,902,729. The business’s 50-day moving average price is $12.09 and its two-hundred day moving average price is $11.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. Nu Holdings Ltd. has a fifty-two week low of $6.61 and a fifty-two week high of $13.59. The stock has a market cap of $63.86 billion, a P/E ratio of 51.58, a price-to-earnings-growth ratio of 0.63 and a beta of 1.14.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.41 EPS for the current year.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.