Regal Partners Ltd Boosts Position in Nu Holdings Ltd. (NYSE:NU)

Regal Partners Ltd lifted its position in Nu Holdings Ltd. (NYSE:NU) by 27.0% in the third quarter, HoldingsChannel reports. The firm owned 190,468 shares of the company’s stock after buying an additional 40,503 shares during the period. Regal Partners Ltd’s holdings in NU were worth $2,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. Marcum Wealth LLC raised its holdings in shares of NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after buying an additional 903 shares during the period. Fortis Capital Management LLC boosted its holdings in NU by 6.6% during the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after acquiring an additional 1,072 shares during the period. Americana Partners LLC boosted its holdings in NU by 7.8% during the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after acquiring an additional 1,115 shares during the period. Finally, Gateway Advisory LLC grew its position in NU by 2.1% in the 2nd quarter. Gateway Advisory LLC now owns 69,255 shares of the company’s stock valued at $893,000 after acquiring an additional 1,419 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 1.3 %

NU opened at $15.64 on Thursday. The business’s 50-day simple moving average is $14.45 and its 200-day simple moving average is $13.17. The stock has a market capitalization of $74.54 billion, a P/E ratio of 50.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. Nu Holdings Ltd. has a one year low of $7.74 and a one year high of $16.15.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business earned $0.05 earnings per share. Analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

NU has been the topic of several recent research reports. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Barclays increased their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Susquehanna reaffirmed a “positive” rating and set a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.21.

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.