Sava Infond d.o.o. Makes New $823,000 Investment in Nu Holdings Ltd. $NU

Key Points

• Sava Infond d.o.o. has made a new investment in Nu Holdings Ltd., purchasing 60,000 shares worth approximately $823,000.
• Nu Holdings reported earnings of $0.14 per share, exceeding analysts' expectations of $0.12, with a quarterly revenue of $3.70 billion.
• The company's stock is currently rated as a "Moderate Buy"** by analysts, with an average price target of $17.06.

Sava Infond d.o.o. bought a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 60,000 shares of the company's stock, valued at approximately $823,000.

Other hedge funds have also recently modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in shares of NU in the second quarter worth $27,000. NBC Securities Inc. lifted its holdings in shares of NU by 286,000.0% in 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 in the last quarter. Capital Analysts LLC purchased a new position in shares of NU in the first quarter worth $31,000. TFC Financial Management Inc. lifted its holdings in shares of NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares in the last quarter. Finally, ORG Partners LLC lifted its holdings in shares of NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after buying an additional 1,920 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Price Performance

NU stock opened at $15.28 on Friday. The company has a market cap of $73.61 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 0.79 and a beta of 1.08. The firm's fifty day moving average is $14.29 and its 200 day moving average is $12.87. 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.

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

Analyst Ratings Changes

Several equities analysts have recently commented on NU shares. Bank of America boosted their target price on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. JPMorgan Chase & Co. boosted their target price on shares of NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Weiss Ratings reissued a "hold (c)" rating on shares of NU in a report on Saturday, September 27th. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research note on Monday, August 18th. Finally, Bradesco Corretora raised shares of NU to an "outperform" rating and set a $17.00 price target on the stock in a research note on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.06.

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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