Capital Wealth Planning LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 182,623 shares of the company's stock, valued at approximately $1,892,000.
A number of other institutional investors have also recently made changes to their positions in NU. LRI Investments LLC boosted its stake in shares of NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company's stock valued at $341,000 after buying an additional 743 shares during the period. Coldstream Capital Management Inc. raised its holdings in NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock valued at $362,000 after acquiring an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after acquiring an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. grew its holdings in NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock worth $579,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after purchasing an additional 1,011 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on NU shares. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Citigroup downgraded NU from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Barclays dropped their price objective on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Finally, The Goldman Sachs Group raised their price objective on shares of NU from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $15.47.
Check Out Our Latest Stock Report on NU
NU Stock Performance
NU stock traded up $0.38 during trading on Wednesday, hitting $10.84. The company had a trading volume of 76,107,817 shares, compared to its average volume of 48,446,691. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The firm has a 50-day moving average price of $11.96 and a 200-day moving average price of $13.14. 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 firm has a market cap of $51.64 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. On average, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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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