GM Advisory Group LLC Purchases Shares of 51,410 Nu Holdings Ltd. $NU

Key Points

• GM Advisory Group LLC acquired 51,410 shares of Nu Holdings Ltd. valued at approximately $526,000 in the first quarter, indicating increased institutional interest in the fintech company.
• Several research analysts have upgraded NU's stock ratings, with target prices ranging from $15.00 to $18.00, reflecting a positive outlook on its performance.
• Nu Holdings reported a net margin of 17.90% and earnings per share of $0.14, beating estimates and indicating strong financial performance despite revenue slightly missing expectations.

GM Advisory Group LLC purchased a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,410 shares of the company's stock, valued at approximately $526,000.

A number of other hedge funds have also modified their holdings of NU. GAMMA Investing LLC grew its holdings in NU by 2,069.9% during the 1st quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock valued at $7,050,000 after buying an additional 68,865 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of NU in the first quarter valued at $113,000. Cetera Investment Advisers boosted its stake in shares of NU by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock valued at $2,013,000 after acquiring an additional 10,955 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of NU by 212.1% during the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock valued at $854,000 after acquiring an additional 56,682 shares during the last quarter. Finally, Unison Asset Management LLC increased its position in NU by 3.1% during the 1st quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after purchasing an additional 37,888 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NU shares. Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a report on Monday. Susquehanna upped their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Barclays raised their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, NU presently has an average rating of "Moderate Buy" and an average target price of $16.56.

NU Stock Up 3.7%

NU opened at $13.6040 on Thursday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The firm has a 50 day moving average price of $12.83 and a 200 day moving average price of $12.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 0.57. The company has a market cap of $65.55 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 0.75 and a beta of 1.05.

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

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.

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