Arlington Capital Management Inc. purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,042 shares of the company's stock, valued at approximately $249,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC boosted its stake in NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company's stock valued at $341,000 after purchasing an additional 743 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock valued at $362,000 after purchasing an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of NU by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock valued at $716,000 after buying an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. increased its holdings in NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock worth $579,000 after buying an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. raised its position in NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock worth $226,000 after buying an additional 1,011 shares during the last quarter. Institutional investors own 84.02% of the company's stock.
Wall Street Analyst Weigh In
NU has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Citigroup cut NU from a "neutral" rating to a "sell" rating and lowered their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. cut their price objective on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, NU currently has an average rating of "Hold" and a consensus price target of $15.47.
Read Our Latest Research Report on NU
NU Stock Performance
NU traded down $0.76 during midday trading on Friday, reaching $10.34. The company had a trading volume of 73,969,363 shares, compared to its average volume of 37,673,791. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market cap of $49.26 billion, a P/E ratio of 25.84, a P/E/G ratio of 0.48 and a beta of 1.14. The business has a 50-day moving average of $12.04 and a two-hundred day moving average of $12.76.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
About NU
(
Free Report)
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.
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