Nu Holdings Ltd. (NYSE:NU) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 43.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,030 shares of the company’s stock after purchasing an additional 53,646 shares during the period. NewEdge Advisors LLC’s holdings in NU were worth $1,844,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC boosted its position in shares of NU by 216.5% during the 4th quarter. Jump Financial LLC now owns 269,807 shares of the company’s stock worth $2,795,000 after purchasing an additional 184,561 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of NU by 95.0% during the 4th quarter. Guggenheim Capital LLC now owns 55,194 shares of the company’s stock worth $572,000 after acquiring an additional 26,886 shares during the period. Mariner LLC boosted its position in shares of NU by 4.6% in the fourth quarter. Mariner LLC now owns 1,775,845 shares of the company’s stock worth $18,398,000 after acquiring an additional 78,090 shares during the last quarter. Barclays PLC boosted its holdings in shares of NU by 10.7% in the 4th quarter. Barclays PLC now owns 1,112,243 shares of the company’s stock valued at $11,523,000 after purchasing an additional 107,221 shares during the last quarter. Finally, Townsquare Capital LLC grew its position in NU by 555.0% during the fourth quarter. Townsquare Capital LLC now owns 94,650 shares of the company’s stock valued at $981,000 after acquiring an additional 80,199 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NU. Barclays decreased their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.36.

NU Stock Performance

NYSE:NU opened at $11.19 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $11.10 and its 200 day simple moving average is $12.27. The firm has a market capitalization of $53.33 billion, a PE ratio of 27.98, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.