Schwartz Investment Counsel Inc. Purchases Shares of 128,300 Nu Holdings Ltd. (NYSE:NU)

Schwartz Investment Counsel Inc. purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 128,300 shares of the company’s stock, valued at approximately $1,751,000.

Other institutional investors have also bought and sold shares of the company. Capital Research Global Investors raised its position in NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of NU by 9.7% during the 2nd quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock worth $2,397,064,000 after purchasing an additional 16,512,911 shares in the last quarter. Jennison Associates LLC raised its stake in shares of NU by 32.4% in the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock valued at $1,039,770,000 after acquiring an additional 21,342,814 shares during the last quarter. Whale Rock Capital Management LLC boosted its holdings in shares of NU by 0.8% in the 1st quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock worth $298,308,000 after acquiring an additional 204,305 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in NU by 23.0% during the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock valued at $243,982,000 after purchasing an additional 3,544,124 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the subject of several recent research reports. The Goldman Sachs Group boosted their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Susquehanna restated a “positive” rating and issued a $16.00 price objective on shares of NU in a report on Thursday, August 15th. JPMorgan Chase & Co. upped their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.21.

NU Stock Up 1.8 %

NU opened at $15.01 on Friday. Nu Holdings Ltd. has a one year low of $7.74 and a one year high of $15.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $71.54 billion, a P/E ratio of 48.42, a price-to-earnings-growth ratio of 0.66 and a beta of 1.15. The company has a fifty day moving average price of $14.25 and a 200-day moving average price of $12.75.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period in the prior year, the firm posted $0.05 earnings per share. Equities research analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.