LRI Investments LLC Purchases 16,591 Shares of Nu Holdings Ltd. (NYSE:NU)

LRI Investments LLC lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 216.9% in the second quarter, HoldingsChannel reports. The fund owned 24,240 shares of the company’s stock after buying an additional 16,591 shares during the period. LRI Investments LLC’s holdings in NU were worth $312,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of NU by 10.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock worth $121,000 after buying an additional 1,330 shares during the last quarter. abrdn plc lifted its stake in shares of NU by 110.9% in the 4th quarter. abrdn plc now owns 767,497 shares of the company’s stock valued at $6,370,000 after purchasing an additional 403,656 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of NU in the 4th quarter worth $102,000. CWM LLC grew its stake in shares of NU by 2,463.2% during the fourth quarter. CWM LLC now owns 50,674 shares of the company’s stock worth $422,000 after purchasing an additional 48,697 shares during the period. Finally, California Public Employees Retirement System increased its holdings in NU by 1.8% in the fourth quarter. California Public Employees Retirement System now owns 4,356,402 shares of the company’s stock valued at $36,289,000 after purchasing an additional 75,146 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NU shares. JPMorgan Chase & Co. raised their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Jefferies Financial Group upped 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. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research report on Friday, August 2nd. Finally, Barclays upped their price objective 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.43.

NU Stock Up 1.5 %

Shares of NU stock opened at $14.42 on Friday. The company has a market capitalization of $68.72 billion, a price-to-earnings ratio of 55.46, a P/E/G ratio of 0.54 and a beta of 1.13. Nu Holdings Ltd. has a 12-month low of $6.63 and a 12-month high of $14.65. The firm has a fifty day moving average of $12.70 and a 200-day moving average of $11.82. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, equities research analysts predict 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.