Nu Holdings Ltd. $NU Shares Bought by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Nu Holdings Ltd. by 62.3% during Q2, owning 124,801 shares valued at approximately $1.71 million.
• Analyst ratings for NU have improved, with Citigroup upgrading it to a "buy" rating and setting a new price target of $18.00. The stock has a consensus rating of "Moderate Buy" with a target price of $17.06.
• Nu Holdings reported earnings of $0.14 EPS for the last quarter, surpassing expectations, but revenue of $3.70 billion fell short of the consensus estimate.

Janney Montgomery Scott LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 62.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,801 shares of the company's stock after buying an additional 47,910 shares during the period. Janney Montgomery Scott LLC's holdings in NU were worth $1,712,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GC Wealth Management RIA LLC acquired a new position in NU during the 2nd quarter worth about $1,100,000. Signaturefd LLC grew its stake in NU by 39.4% during the 2nd quarter. Signaturefd LLC now owns 15,541 shares of the company's stock worth $213,000 after buying an additional 4,392 shares during the last quarter. ORG Partners LLC grew its stake in NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after buying an additional 1,920 shares during the last quarter. Dakota Wealth Management lifted its position in NU by 3.9% during the 2nd quarter. Dakota Wealth Management now owns 31,314 shares of the company's stock worth $430,000 after acquiring an additional 1,180 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in NU by 36.6% during the 2nd quarter. Perigon Wealth Management LLC now owns 19,996 shares of the company's stock worth $274,000 after acquiring an additional 5,355 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

NU has been the subject of several recent analyst reports. Santander raised NU to a "neutral" rating in a report on Monday, August 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NU in a research note on Wednesday. UBS Group raised their price objective on NU from $14.30 to $15.60 and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. Bank of America raised their price objective on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Finally, Citigroup raised NU from a "sell" rating to a "buy" rating and raised their price objective for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.06.

NU Price Performance

Shares of NYSE:NU opened at $14.92 on Friday. The company has a market cap of $71.89 billion, a P/E ratio of 32.44, a P/E/G ratio of 0.78 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42. The business has a fifty day simple moving average of $14.57 and a 200-day simple moving average of $13.01.

NU (NYSE:NU - Get Free Report) last announced 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. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter in the previous year, the business earned $0.12 earnings per share. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.