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

Regal Partners Ltd boosted its position in Nu Holdings Ltd. (NYSE:NU) by 27.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,468 shares of the company’s stock after purchasing an additional 40,503 shares during the period. Regal Partners Ltd’s holdings in NU were worth $2,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Massmutual Trust Co. FSB ADV increased its position in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC lifted its position in shares of NU by 56.2% in 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. Carolina Wealth Advisors LLC purchased a new position in NU during the third quarter valued at approximately $44,000. Toth Financial Advisory Corp bought a new position in NU in the third quarter worth approximately $55,000. Finally, ORG Partners LLC bought a new stake in NU during the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NU. Barclays raised their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Susquehanna reiterated a “positive” rating and set a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. Bank of America raised their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. UBS Group downgraded 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, JPMorgan Chase & Co. upped their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. 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, NU has an average rating of “Moderate Buy” and an average price target of $15.21.

NU Stock Performance

Shares of NU stock opened at $15.64 on Thursday. The company has a market capitalization of $74.54 billion, a P/E ratio of 50.45, a P/E/G ratio of 0.72 and a beta of 1.13. Nu Holdings Ltd. has a 12-month low of $7.74 and a 12-month high of $16.15. The business’s 50 day moving average is $14.45 and its two-hundred day moving average is $13.17. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

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