Nu Holdings Ltd. $NU Position Increased by Prasad Wealth Partners LLC

Key Points

• Prasad Wealth Partners LLC increased its holdings in Nu Holdings Ltd. by 17.6% in the 2nd quarter, now owning 125,777 shares valued at approximately $1.73 million.
• Nu Holdings reported a quarterly EPS of $0.14, exceeding analysts' expectations, with a net margin of 17.90% and a return on equity of 29.91%.
• The company's stock has received a consensus rating of "Moderate Buy" from analysts, with an average price target of $17.06.

Prasad Wealth Partners LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 17.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,777 shares of the company's stock after purchasing an additional 18,796 shares during the period. Prasad Wealth Partners LLC's holdings in NU were worth $1,726,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NU. Armstrong Advisory Group Inc. acquired a new stake in shares of NU in the 2nd quarter worth about $27,000. ORG Partners LLC increased its holdings in shares of NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after acquiring an additional 1,920 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of NU in the 2nd quarter worth about $36,000. NBC Securities Inc. increased its holdings in shares of NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares during the period. Finally, Capital Analysts LLC acquired a new stake in shares of NU in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Price Performance

NU stock opened at $15.38 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.42. The firm has a market capitalization of $74.11 billion, a PE ratio of 33.44, a P/E/G ratio of 0.80 and a beta of 1.08. The firm has a 50-day moving average of $14.34 and a two-hundred day moving average of $12.91.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS 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 company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

NU has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. Santander raised shares of NU to a "neutral" rating in a report on Monday, August 25th. Susquehanna raised their price objective on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a research report on Wednesday, August 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of NU in a report on Saturday, September 27th. Finally, UBS Group raised their target price on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, NU has a consensus rating of "Moderate Buy" and an average price target of $17.06.

About NU

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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