L & S Advisors Inc Invests $4.93 Million in Nu Holdings Ltd. $NU

L & S Advisors Inc bought a new position in Nu Holdings Ltd. (NYSE:NU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 359,281 shares of the company’s stock, valued at approximately $4,929,000.

Several other large investors have also recently added to or reduced their stakes in NU. Armstrong Advisory Group Inc. acquired a new stake in shares of NU in the second quarter valued at approximately $27,000. Capital Analysts LLC bought a new stake in shares of NU during the first quarter valued at about $31,000. ORG Partners LLC lifted its holdings 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 during the period. Quaker Wealth Management LLC lifted its holdings in NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after purchasing an additional 4,341 shares during the period. Finally, Banque Transatlantique SA bought a new position in NU in the 1st quarter valued at about $34,000. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NU. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and upped their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 target price for the company in a research report on Monday, August 25th. JPMorgan Chase & Co. increased their price target on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Monday, August 18th. Finally, UBS Group upped their price objective on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.88.

NU Trading Down 3.4%

NYSE NU opened at $15.63 on Friday. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.55. 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 stock has a market cap of $75.31 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 0.83 and a beta of 1.08. The firm’s 50 day moving average price is $15.65 and its two-hundred day moving average price is $13.84.

NU (NYSE:NU) last issued its earnings results 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. The company had revenue of $3.70 billion for 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 earned $0.12 EPS. Equities analysts anticipate 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.