Moran Wealth Management LLC Grows Holdings in Nu Holdings Ltd. (NYSE:NU)

Moran Wealth Management LLC boosted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 4,617.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 738,727 shares of the company's stock after purchasing an additional 723,068 shares during the period. Moran Wealth Management LLC's holdings in NU were worth $7,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Piscataqua Savings Bank increased its holdings in shares of NU by 500.0% in the 4th 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. Whipplewood Advisors LLC bought a new position in NU during the 4th quarter valued at about $62,000. Huntington National Bank grew its holdings in NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company's stock valued at $63,000 after purchasing an additional 2,131 shares during the last quarter. Ethos Financial Group LLC bought a new position in NU during the 4th quarter valued at about $82,000. Finally, Berbice Capital Management LLC bought a new position in NU during the 4th quarter valued at about $93,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. UBS Group reduced their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, NU has an average rating of "Hold" and a consensus price target of $15.47.

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NU Price Performance

NU traded up $0.16 on Wednesday, reaching $10.76. 31,064,726 shares of the company's stock were exchanged, compared to its average volume of 35,640,220. The stock has a market cap of $51.28 billion, a PE ratio of 26.86, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The stock's fifty day moving average price is $11.97 and its 200-day moving average price is $13.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current 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.