Donaldson Capital Management LLC Has $2.39 Million Position in Nu Holdings Ltd. (NYSE:NU)

Donaldson Capital Management LLC grew its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 26.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 230,659 shares of the company's stock after buying an additional 48,562 shares during the period. Donaldson Capital Management LLC's holdings in NU were worth $2,390,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Piscataqua Savings Bank increased its stake in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after acquiring an additional 2,500 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in NU in the fourth quarter valued at approximately $62,000. Huntington National Bank lifted its position in NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company's stock valued at $63,000 after buying an additional 2,131 shares in the last quarter. Ethos Financial Group LLC purchased a new stake in NU during the fourth quarter worth approximately $82,000. Finally, Berbice Capital Management LLC purchased a new stake in NU during the 4th quarter worth $93,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

NU stock traded up $0.25 during trading hours on Wednesday, hitting $10.85. 40,082,711 shares of the stock traded hands, compared to its average volume of 35,679,210. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. 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 company has a market cap of $51.69 billion, a P/E ratio of 27.21, a P/E/G ratio of 0.48 and a beta of 1.14. The stock has a 50-day simple moving average of $11.97 and a 200 day simple moving average of $13.03.

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NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting 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%. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

NU has been the subject of several analyst reports. KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Barclays cut their target price on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Citigroup cut NU from a "neutral" rating to a "sell" rating and cut their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. JPMorgan Chase & Co. decreased their price target on shares of 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 boosted their price objective on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.47.

NU Profile

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.