Schwartz Investment Counsel Inc. Takes $1.75 Million Position in Nu Holdings Ltd. (NYSE:NU)

Schwartz Investment Counsel Inc. bought a new position in Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, Holdings Channel.com reports. The fund bought 128,300 shares of the company’s stock, valued at approximately $1,751,000.

Other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in NU in the 3rd quarter valued at about $44,000. ORG Partners LLC acquired a new position in NU during the second quarter worth $54,000. Finally, Toth Financial Advisory Corp purchased a new position in NU during the third quarter worth about $55,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NU. The Goldman Sachs Group boosted their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Bank of America increased their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, Barclays boosted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.21.

NU Price Performance

NU opened at $15.01 on Friday. Nu Holdings Ltd. has a 1 year low of $7.74 and a 1 year high of $15.16. The company’s 50 day simple moving average is $14.25 and its 200 day simple moving average is $12.75. The stock has a market capitalization of $71.54 billion, a PE ratio of 48.42, a P/E/G ratio of 0.66 and a beta of 1.15. 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 (NYSE:NU) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm posted $0.05 earnings per share. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current 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.