47,226 Shares in Nu Holdings Ltd. $NU Purchased by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors LLC has acquired a new position of 47,226 shares in Nu Holdings Ltd., valued at approximately $648,000, as reported in their recent Form 13F filing.
• Multiple investment firms have significantly increased their stakes in NU, with GAMMA Investing LLC raising its holdings by an extraordinary 2,069.9%.
• Wall Street analysts have a favorable outlook for NU, with several raising their target prices, resulting in an average rating of "Moderate Buy" and a consensus price target of $17.06.

Fortis Capital Advisors LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,226 shares of the company's stock, valued at approximately $648,000.

Several other large investors have also recently added to or reduced their stakes in NU. GAMMA Investing LLC raised its holdings in NU by 2,069.9% during the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after purchasing an additional 68,865 shares in the last quarter. Parallel Advisors LLC grew its position in NU by 12.9% during the first quarter. Parallel Advisors LLC now owns 13,701 shares of the company's stock worth $140,000 after buying an additional 1,570 shares during the period. NBC Securities Inc. grew its position in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after buying an additional 2,860 shares during the period. Merit Financial Group LLC grew its position in NU by 14.9% during the first quarter. Merit Financial Group LLC now owns 17,590 shares of the company's stock worth $180,000 after buying an additional 2,281 shares during the period. Finally, Portside Wealth Group LLC acquired a new position in NU during the first quarter worth about $121,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NU. Susquehanna upped their target price on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 target price on the stock in a research report on Monday, August 25th. Santander upgraded shares of NU to a "neutral" rating in a research report on Monday, August 25th. JPMorgan Chase & Co. upped their target price on shares of NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Finally, UBS Group upped their target price on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.06.

NU Stock Up 0.4%

NU stock opened at $15.28 on Friday. The company's 50 day simple moving average is $14.29 and its 200-day simple moving average is $12.87. The firm has a market capitalization of $73.61 billion, a PE ratio of 33.21, a P/E/G ratio of 0.80 and a beta of 1.08. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period in the prior year, the business earned $0.12 earnings per share. Equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Company 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.

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