Malaga Cove Capital LLC Invests $313,000 in Nu Holdings Ltd. (NYSE:NU)

Malaga Cove Capital LLC purchased a new position in Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,946 shares of the company’s stock, valued at approximately $313,000.

Several other large investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of NU by 1,074.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock worth $1,790,000 after acquiring an additional 119,972 shares during the last quarter. Public Investment Fund lifted its stake in NU by 223.1% in the second quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock worth $49,014,000 after purchasing an additional 2,625,500 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of NU during the first quarter valued at approximately $152,000. Cigna Investments Inc. New grew its stake in shares of NU by 207.3% during the third quarter. Cigna Investments Inc. New now owns 84,888 shares of the company’s stock valued at $1,159,000 after buying an additional 57,263 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of NU by 1,774.8% in the third quarter. Handelsbanken Fonder AB now owns 907,417 shares of the company’s stock worth $12,386,000 after buying an additional 859,017 shares during the period. 80.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

NU has been the topic of several research analyst reports. Susquehanna reaffirmed a “positive” rating and issued a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. Barclays raised their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, The Goldman Sachs Group boosted their price target on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus target price of $15.21.

NU Stock Up 2.5 %

NYSE:NU opened at $15.03 on Thursday. Nu Holdings Ltd. has a 1-year low of $7.74 and a 1-year high of $15.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $71.63 billion, a P/E ratio of 48.48, a PEG ratio of 0.65 and a beta of 1.13. The company’s fifty day moving average price is $14.36 and its 200-day moving average price is $13.01.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the previous year, the firm posted $0.05 EPS. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current year.

NU Company 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.