Cambridge Investment Research Advisors Inc. Makes New $56,000 Investment in Nu Holdings Ltd. (NYSE:NU)

Cambridge Investment Research Advisors Inc. purchased a new position in Nu Holdings Ltd. (NYSE:NUGet Rating) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,742 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NU. Raymond James & Associates boosted its stake in shares of NU by 10.8% in the 1st quarter. Raymond James & Associates now owns 66,126 shares of the company’s stock valued at $510,000 after purchasing an additional 6,422 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of NU in the 1st quarter valued at $265,000. Cetera Investment Advisers purchased a new stake in shares of NU in the 1st quarter valued at $100,000. XTX Topco Ltd purchased a new stake in shares of NU in the 1st quarter valued at $78,000. Finally, First Trust Advisors LP purchased a new stake in shares of NU in the 1st quarter valued at $12,675,000. Hedge funds and other institutional investors own 47.64% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of research reports. Credit Suisse Group initiated coverage on shares of NU in a research note on Wednesday, November 9th. They issued an “outperform” rating and a $6.50 price objective for the company. The Goldman Sachs Group cut their price objective on shares of NU from $11.00 to $9.50 and set a “buy” rating for the company 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 report on Thursday, December 8th. KeyCorp lowered their price target on shares of NU from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, January 9th. Finally, Wolfe Research lowered their price target on shares of NU from $6.50 to $5.00 in a report on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.59.

NU Stock Up 0.5 %

Shares of NYSE NU opened at $3.68 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.37 and a current ratio of 0.37. Nu Holdings Ltd. has a 12 month low of $3.26 and a 12 month high of $11.83. The firm has a fifty day simple moving average of $4.08 and a two-hundred day simple moving average of $4.40.

NU (NYSE:NUGet Rating) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Equities research analysts expect that Nu Holdings Ltd. will post -0.01 EPS for the current year.

NU Profile

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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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Institutional Ownership by Quarter for NU (NYSE:NU)

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