NewEdge Advisors LLC Grows Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

NewEdge Advisors LLC raised its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 43.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,030 shares of the company's stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of NU. Piscataqua Savings Bank grew its position in NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after purchasing an additional 2,500 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in NU during the 4th quarter valued at about $52,000. Whipplewood Advisors LLC acquired a new stake in shares of NU during the fourth quarter worth about $62,000. Ethos Financial Group LLC purchased a new stake in NU in the fourth quarter valued at approximately $82,000. Finally, Berbice Capital Management LLC purchased a new position in NU during the 4th quarter worth approximately $93,000. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NU shares. UBS Group cut their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, Barclays raised their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, NU currently has an average rating of "Moderate Buy" and an average price target of $15.47.

NU Price Performance

Shares of NU traded up $0.26 during mid-day trading on Friday, hitting $12.01. 41,714,393 shares of the company were exchanged, compared to its average volume of 40,779,668. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market cap of $57.24 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a 50 day moving average of $10.98 and a 200-day moving average of $12.25.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $3.17 billion. Analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

About NU

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.