LRI Investments LLC Makes New Investment in Nu Holdings Ltd. (NYSE:NU)

LRI Investments LLC purchased a new stake in Nu Holdings Ltd. (NYSE:NU) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,649 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC purchased a new position in NU in the first quarter worth approximately $152,000. Raymond James & Associates increased its position in shares of 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 purchasing an additional 343,899 shares during the last quarter. Oak Thistle LLC purchased a new stake in NU in the 4th quarter valued at about $309,000. 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 buying an additional 3,886,442 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in NU during the first quarter worth about $1,958,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Price Performance

Shares of NYSE NU opened at $10.94 on Friday. The stock’s 50-day moving average is $12.33 and its two-hundred day moving average is $11.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $52.12 billion, a price-to-earnings ratio of 42.06, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. Nu Holdings Ltd. has a 1-year low of $6.61 and a 1-year high of $13.64.

NU (NYSE:NU) last released its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.58 billion. Analysts forecast that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of NU from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Tuesday, July 16th. Jefferies Financial Group upped their price target on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group raised their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Barclays began coverage on NU in a research note on Wednesday, June 26th. They set an “overweight” rating and a $15.00 target price on the stock. Finally, JPMorgan Chase & Co. downgraded NU from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $14.50 in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average price target of $13.18.

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.