Nu Holdings Ltd. $NU Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 84.5% in the third quarter, Holdings Channel reports. The firm owned 9,532,792 shares of the company’s stock after acquiring an additional 4,366,258 shares during the period. Russell Investments Group Ltd.’s holdings in NU were worth $152,607,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jordan Park Group LLC lifted its stake in shares of NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after purchasing an additional 1,104,421 shares in the last quarter. Allworth Financial LP grew its stake in shares of NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after buying an additional 1,601 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of NU during the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC raised its holdings in shares of NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after buying an additional 1,464 shares during the period. Finally, VSM Wealth Advisory LLC lifted its position in NU by 1,000.0% during the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock worth $53,000 after acquiring an additional 3,000 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NU. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. UBS Group reduced their target price on shares of NU from $18.40 to $17.20 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 target price on shares of NU in a research note on Thursday, December 18th. Susquehanna raised their price target on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.22.

NU Trading Down 1.8%

Shares of NU opened at $14.55 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The stock has a 50-day moving average price of $16.95 and a 200 day moving average price of $16.22. The company has a market capitalization of $70.09 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.47 and a beta of 1.11.

NU (NYSE:NU) last announced its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.