Yousif Capital Management LLC Has $1.25 Million Stake in Nu Holdings Ltd. $NU

Yousif Capital Management LLC decreased its stake in Nu Holdings Ltd. (NYSE:NU) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,251 shares of the company’s stock after selling 1,669 shares during the quarter. Yousif Capital Management LLC’s holdings in NU were worth $1,252,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Armstrong Advisory Group Inc. acquired a new position in NU in the second quarter worth $27,000. Capital Analysts LLC acquired a new position in NU in the first quarter worth $31,000. TFC Financial Management Inc. boosted its stake in 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 purchasing an additional 1,325 shares in the last quarter. ORG Partners LLC boosted its stake in 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 purchasing an additional 1,920 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in NU in the first quarter worth $34,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on NU. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Susquehanna boosted their price objective on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research note on Wednesday, August 27th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, August 25th. Santander upgraded NU to a “neutral” rating in a research report on Monday, August 25th. Finally, Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Monday, August 18th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.10.

NU Trading Up 2.7%

NYSE NU opened at $15.41 on Tuesday. The stock has a 50-day simple moving average of $14.92 and a 200 day simple moving average of $13.22. The company has a market capitalization of $74.23 billion, a PE ratio of 33.49, a P/E/G ratio of 0.78 and a beta of 1.08. 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 12 month low of $9.01 and a 12 month high of $16.42.

NU (NYSE:NU) last released 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 prior year, the company posted $0.12 earnings per share. Research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS 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.