Center for Financial Planning Inc. Makes New Investment in Nu Holdings Ltd. $NU

Center for Financial Planning Inc. bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,787 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new stake in shares of NU in the 2nd quarter worth approximately $27,000. Quaker Wealth Management LLC boosted its stake in NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after purchasing an additional 4,341 shares during the last quarter. ORG Partners LLC boosted its stake in NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after purchasing an additional 1,920 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in NU during the 2nd quarter valued at $36,000. Finally, Capital Analysts LLC purchased a new stake in NU during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NYSE:NU opened at $16.15 on Friday. The stock has a market capitalization of $77.80 billion, a P/E ratio of 35.10, a PEG ratio of 0.83 and a beta of 1.08. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The company has a 50 day moving average price of $15.42 and a 200 day moving average price of $13.56.

NU (NYSE:NU) last announced its quarterly earnings data 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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the business earned $0.12 EPS. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NU shares. UBS Group raised their target price on NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Santander upgraded NU to a “neutral” rating in a research report on Monday, August 25th. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price target for the company in a research note on Monday, August 25th. Bank of America lifted their price target on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Finally, JPMorgan Chase & Co. increased their price objective on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.10.

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.