IFM Investors Pty Ltd Purchases 211,357 Shares of Nu Holdings Ltd. $NU

IFM Investors Pty Ltd boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 181.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,015 shares of the company’s stock after purchasing an additional 211,357 shares during the period. IFM Investors Pty Ltd’s holdings in NU were worth $5,176,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. bought a new position in NU in the second quarter worth about $27,000. ORG Partners LLC raised its stake in NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after buying an additional 1,920 shares during the last quarter. Quaker Wealth Management LLC lifted its position in shares of NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of NU in the first quarter worth approximately $34,000. Finally, Allworth Financial LP boosted its position in shares of NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NU. UBS Group upped their price objective on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Susquehanna raised their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, KeyCorp boosted their price objective on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.04.

NU Stock Up 0.0%

NU stock opened at $16.77 on Friday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $17.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s fifty day moving average is $16.27 and its 200 day moving average is $14.71. The firm has a market cap of $80.78 billion, a PE ratio of 32.87, a P/E/G ratio of 0.80 and a beta of 1.07.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.96 billion. On average, research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.