Boston Partners purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 406,919 shares of the company's stock, valued at approximately $65,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of NU during the 2nd quarter valued at $42,000. Resources Investment Advisors LLC. purchased a new stake in NU in the 3rd quarter worth $44,000. Orion Portfolio Solutions LLC purchased a new stake in NU in the 3rd quarter worth $44,000. Private Advisory Group LLC purchased a new stake in NU in the 2nd quarter worth $51,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in NU in the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 47.64% of the company's stock.
Get NU alerts:Analysts Set New Price Targets
Several analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of NU from $11.00 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, December 6th. JPMorgan Chase & Co. upgraded shares of NU from an "underweight" rating to a "neutral" rating in a research note on Thursday, December 8th. Wolfe Research reduced their target price on shares of NU from $6.50 to $5.00 in a report on Thursday, January 5th. KeyCorp boosted their target price on shares of NU from $5.00 to $6.00 and gave the stock an "overweight" rating in a report on Thursday, February 9th. Finally, Credit Suisse Group assumed coverage on shares of NU in a report on Wednesday, November 9th. They issued an "outperform" rating and a $6.50 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.
NU Stock Up 4.8 %
Shares of NYSE:NU opened at $5.24 on Thursday. Nu Holdings Ltd. has a 12 month low of $3.26 and a 12 month high of $11.83. The firm's 50-day moving average is $4.11 and its 200 day moving average is $4.46. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.10.
NU (NYSE:NU – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. As a group, sell-side analysts expect that Nu Holdings Ltd. will post -0.01 earnings per share for the current fiscal year.
About NU
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Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. 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.
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