Nu Holdings Ltd. (NYSE:NU) Shares Purchased by AdvisorNet Financial Inc

AdvisorNet Financial Inc raised its holdings in Nu Holdings Ltd. (NYSE:NU) by 482.4% during the second quarter, HoldingsChannel reports. The firm owned 18,870 shares of the company’s stock after buying an additional 15,630 shares during the period. AdvisorNet Financial Inc’s holdings in NU were worth $243,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. WCM Investment Management LLC boosted its holdings in NU by 1,157.4% during the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after buying an additional 92,015,719 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of NU by 47.6% in the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock valued at $2,021,540,000 after purchasing an additional 54,681,625 shares in the last quarter. Sands Capital Management LLC lifted its holdings in shares of NU by 92.7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after purchasing an additional 40,992,413 shares in the last quarter. Jennison Associates LLC raised its position in shares of NU by 160.9% in the fourth quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock valued at $548,223,000 after buying an additional 40,584,189 shares during the last quarter. Finally, Capital Research Global Investors increased its position in NU by 20.7% during the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock worth $1,459,403,000 after purchasing an additional 30,002,685 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Up 3.6 %

NU traded up $0.48 during midday trading on Thursday, hitting $13.86. 31,629,830 shares of the company’s stock traded hands, compared to its average volume of 29,547,602. The company has a market cap of $66.06 billion, a PE ratio of 51.77, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The stock’s fifty day simple moving average is $12.35 and its 200-day simple moving average is $11.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40. Nu Holdings Ltd. has a one year low of $6.61 and a one year high of $14.01.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.58 billion. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NU shares. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. KeyCorp raised 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. The Goldman Sachs Group raised their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Barclays began coverage on shares of NU in a report on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 target price for the company. Finally, Jefferies Financial Group raised their target price on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus price target of $13.18.

About NU

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.