Private Advisor Group LLC Purchases 27,456 Shares of Nu Holdings Ltd. (NYSE:NU)

Private Advisor Group LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,831 shares of the company's stock after buying an additional 27,456 shares during the quarter. Private Advisor Group LLC's holdings in NU were worth $827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Piscataqua Savings Bank grew its holdings in shares of NU by 500.0% during the fourth 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. 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 worth $63,000 after acquiring an additional 2,131 shares during the last quarter. Quarry LP increased its position in NU by 104.8% in the 3rd quarter. Quarry LP now owns 7,890 shares of the company's stock valued at $108,000 after acquiring an additional 4,037 shares during the period. Berbice Capital Management LLC bought a new position in shares of NU during the fourth quarter valued at $93,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of NU by 51.8% during the third quarter. Avior Wealth Management LLC now owns 9,985 shares of the company's stock worth $136,000 after purchasing an additional 3,409 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Stock Up 3.6 %

Shares of NYSE NU traded up $0.38 during trading on Wednesday, hitting $10.84. 76,107,817 shares of the company traded hands, compared to its average volume of 48,446,691. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The business's fifty day moving average is $11.96 and its 200 day moving average is $13.14. The firm has a market capitalization of $51.64 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NU shares. KeyCorp raised their target price on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their price objective on NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. Barclays reduced their target price on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. Finally, Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.47.

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.