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

NewEdge Advisors LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 43.1% during the fourth quarter, HoldingsChannel reports. The firm owned 178,030 shares of the company’s stock after acquiring an additional 53,646 shares during the quarter. NewEdge Advisors LLC’s holdings in NU were worth $1,844,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NU. Baader Bank Aktiengesellschaft lifted its holdings in shares of NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after buying an additional 58,183 shares in the last quarter. Baillie Gifford & Co. raised its stake in NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of NU by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock valued at $74,288,000 after purchasing an additional 271,903 shares in the last quarter. Blankinship & Foster LLC acquired a new position in NU during the 3rd quarter worth approximately $3,212,000. Finally, Barclays PLC lifted its stake in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after acquiring an additional 359,733 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays cut their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus price target of $15.36.

NU Price Performance

NU stock opened at $11.19 on Wednesday. The firm has a market cap of $53.33 billion, a P/E ratio of 27.98, a P/E/G ratio of 0.48 and a beta of 1.14. The firm’s fifty day moving average is $11.10 and its 200 day moving average is $12.27. 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 52 week low of $9.01 and a 52 week high of $16.15.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. Research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.