Transcend Capital Advisors LLC Grows Position in Nu Holdings Ltd. (NYSE:NU)

Transcend Capital Advisors LLC boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 22.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,558 shares of the company’s stock after buying an additional 4,000 shares during the quarter. Transcend Capital Advisors LLC’s holdings in NU were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LRI Investments LLC raised its position in NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after buying an additional 743 shares during the last quarter. Coldstream Capital Management Inc. raised its position in NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after buying an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in NU by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after buying an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. raised its position in NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after buying an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. raised its position in NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock valued at $226,000 after buying an additional 1,011 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Down 19.2 %

Shares of NU opened at $10.78 on Monday. The business has a 50-day moving average of $11.92 and a 200 day moving average of $13.26. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The firm has a market cap of $51.35 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. 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 (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NU shares. Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. KeyCorp raised their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group raised their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.80.

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.