NewEdge Advisors LLC Buys 53,646 Shares of Nu Holdings Ltd. (NYSE:NU)

NewEdge Advisors LLC boosted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 43.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,030 shares of the company's stock after acquiring 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 and other institutional investors have also bought and sold shares of NU. Piscataqua Savings Bank boosted its position in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after buying an additional 2,500 shares during the period. Campbell Capital Management Inc. purchased a new stake in shares of NU during the fourth quarter valued at approximately $52,000. Whipplewood Advisors LLC bought a new stake in NU during the 4th quarter valued at $62,000. Ethos Financial Group LLC bought a new stake in NU in the 4th quarter worth $82,000. Finally, Berbice Capital Management LLC purchased a new stake in shares of NU during the fourth quarter worth about $93,000. Institutional investors own 84.02% of the company's stock.

NU Stock Up 2.2 %

Shares of NYSE:NU traded up $0.26 on Friday, hitting $12.01. 41,714,393 shares of the company traded hands, compared to its average volume of 40,779,658. The company has a market cap of $57.24 billion, a PE ratio of 30.03, a PEG ratio of 0.48 and a beta of 1.14. The stock has a 50 day simple moving average of $10.98 and a 200-day simple moving average of $12.25. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week 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.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.17 billion. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

NU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Barclays boosted their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday. Finally, UBS Group decreased their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $15.47.

NU Company 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.