Prasad Wealth Partners LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 33,376 shares of the company's stock, valued at approximately $346,000.
A number of other institutional investors also recently made changes to their positions in the stock. LRI Investments LLC grew its position in NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company's stock worth $341,000 after buying an additional 743 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of NU by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock worth $362,000 after acquiring an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of NU by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after acquiring an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. raised its position in shares of NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock worth $579,000 after purchasing an additional 1,000 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of NU by 4.9% during the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after purchasing an additional 1,011 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.
NU Stock Performance
NU traded down $0.48 on Friday, hitting $10.77. The company had a trading volume of 140,180,576 shares, compared to its average volume of 45,924,000. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company's fifty day moving average price is $11.94 and its 200 day moving average price is $13.22. The stock has a market cap of $51.31 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on NU. Itau BBA Securities lowered NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. Barclays decreased their price objective on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Monday. The Goldman Sachs Group upped their target price on NU from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, November 14th. KeyCorp boosted their price objective on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Finally, Citigroup lowered shares of NU from a "neutral" rating to a "sell" rating and decreased their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, NU currently has a consensus rating of "Hold" and an average price target of $15.47.
View Our Latest Report on NU
NU Company Profile
(
Free Report)
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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