Empire Financial Management Company LLC Buys New Shares in Nu Holdings Ltd. (NYSE:NU)

Empire Financial Management Company LLC acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 58,606 shares of the company's stock, valued at approximately $607,000.

Several other large investors have also recently made changes to their positions in NU. Piscataqua Savings Bank lifted its position in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after buying an additional 2,500 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after buying an additional 3,215 shares during the period. Campbell Capital Management Inc. purchased a new stake in NU in the 4th quarter valued at about $52,000. Whipplewood Advisors LLC bought a new position in NU in the 4th quarter worth about $62,000. Finally, Ethos Financial Group LLC purchased a new position in shares of NU during the fourth quarter worth approximately $82,000. 84.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on NU shares. UBS Group reduced 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. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and cut their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Barclays dropped their price objective on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NU has a consensus rating of "Moderate Buy" and a consensus price target of $15.36.

NU Price Performance

NYSE NU opened at $11.49 on Thursday. 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 has a market capitalization of $54.76 billion, a P/E ratio of 28.73, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The firm's fifty day simple moving average is $11.05 and its two-hundred day simple moving average is $12.27.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.

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