Leavell Investment Management Inc. Purchases New Holdings in Nu Holdings Ltd. (NYSE:NU)

Leavell Investment Management Inc. purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,790 shares of the company's stock, valued at approximately $254,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in NU in the first quarter valued at approximately $61,000. LBP AM SA raised its position in shares of NU by 14.8% in the 1st quarter. LBP AM SA now owns 241,704 shares of the company's stock valued at $2,475,000 after purchasing an additional 31,201 shares in the last quarter. Flossbach Von Storch SE lifted its position in shares of NU by 30.9% during the first quarter. Flossbach Von Storch SE now owns 720,000 shares of the company's stock worth $7,373,000 after purchasing an additional 170,000 shares during the last quarter. M&T Bank Corp increased its stake in NU by 11.7% during the first quarter. M&T Bank Corp now owns 334,512 shares of the company's stock valued at $3,426,000 after purchasing an additional 35,090 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of NU by 32.3% in the 1st quarter. Brown Advisory Inc. now owns 31,371 shares of the company's stock worth $321,000 after purchasing an additional 7,664 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Up 1.9%

NU traded up $0.24 on Monday, hitting $13.07. 92,238,921 shares of the company were exchanged, compared to its average volume of 57,264,293. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The stock has a market capitalization of $62.98 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a fifty day simple moving average of $12.66 and a two-hundred day simple moving average of $11.93.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NU. Susquehanna raised their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Barclays boosted their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

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.