Nu Holdings Ltd. (NYSE:NU) Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 79.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,095 shares of the company’s stock after acquiring an additional 8,470 shares during the quarter. Transcend Capital Advisors LLC’s holdings in NU were worth $246,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bleakley Financial Group LLC purchased a new position in NU in the first quarter valued at approximately $152,000. Raymond James & Associates raised its stake in NU by 1,235.7% during the 4th quarter. Raymond James & Associates now owns 371,729 shares of the company’s stock worth $3,096,000 after acquiring an additional 343,899 shares in the last quarter. Wasatch Advisors LP lifted its position in NU by 19.4% in the fourth quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock valued at $199,497,000 after acquiring an additional 3,886,442 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in NU in the first quarter valued at $1,958,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of NU during the first quarter worth about $597,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded NU from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $14.50 in a research note on Monday, July 22nd. KeyCorp raised their price target on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Susquehanna upped their price objective on NU from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Tuesday, July 16th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a report on Friday. Finally, Jefferies Financial Group increased their price target on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.18.

NU Price Performance

Shares of NYSE NU traded down $0.08 during trading on Monday, reaching $10.84. The company had a trading volume of 28,476,316 shares, compared to its average volume of 28,989,695. 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 twelve month low of $6.61 and a twelve month high of $13.64. The stock has a 50-day moving average price of $12.33 and a two-hundred day moving average price of $11.43. The stock has a market capitalization of $51.66 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13.

NU (NYSE:NU) last announced its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $2.74 billion during 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%. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

About NU

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.