1,442,097 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 1,442,097 shares of the company’s stock, valued at approximately $17,204,000.

Other hedge funds have also made changes to their positions in the company. Joho Capital LLC increased its position in NU by 85.3% in the 1st quarter. Joho Capital LLC now owns 2,131,000 shares of the company’s stock valued at $25,423,000 after acquiring an additional 981,000 shares in the last quarter. Ashford Capital Management Inc. boosted its stake in shares of NU by 51.7% in the 1st quarter. Ashford Capital Management Inc. now owns 357,000 shares of the company’s stock valued at $4,259,000 after purchasing an additional 121,600 shares during the last quarter. Whale Rock Capital Management LLC boosted its stake 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 valued at $298,308,000 after purchasing an additional 204,305 shares during the last quarter. SVB Wealth LLC boosted its stake in shares of NU by 22.1% in the 1st quarter. SVB Wealth LLC now owns 221,302 shares of the company’s stock valued at $2,640,000 after purchasing an additional 40,063 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of NU in the 1st quarter valued at about $2,391,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NU. Jefferies Financial Group raised their target price on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group lifted their price target on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Barclays initiated coverage on shares of NU in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price target on the stock. Susquehanna lifted their price target on shares of NU from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Tuesday, July 16th. Finally, KeyCorp lifted their price target on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.98.

NU Stock Up 1.4 %

Shares of NYSE NU traded up $0.17 during midday trading on Wednesday, reaching $12.19. The company’s stock had a trading volume of 8,659,669 shares, compared to its average volume of 28,484,873. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21. Nu Holdings Ltd. has a fifty-two week low of $6.61 and a fifty-two week high of $13.64. The stock has a market capitalization of $58.10 billion, a price-to-earnings ratio of 46.25, a PEG ratio of 0.58 and a beta of 1.14. The stock has a 50 day simple moving average of $12.34 and a 200-day simple moving average of $11.38.

NU (NYSE:NU) last issued its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.58 billion. NU had a net margin of 13.86% and a return on equity of 22.94%. Equities research analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

NU Company 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.