Nu Holdings Ltd. (NYSE:NU) Shares Bought by IFP Advisors Inc

IFP Advisors Inc raised its position in Nu Holdings Ltd. (NYSE:NU) by 47.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,689 shares of the company’s stock after buying an additional 20,385 shares during the period. IFP Advisors Inc’s holdings in NU were worth $660,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NU. LRI Investments LLC lifted its stake in NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after purchasing an additional 743 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in 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 purchasing an additional 1,000 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its stake 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 worth $579,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after purchasing an additional 1,011 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NU. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Barclays reduced their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.47.

NU Stock Down 4.3 %

Shares of NYSE NU opened at $10.77 on Friday. The firm has a market cap of $51.31 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 0.48 and a beta of 1.10. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15. The business’s 50 day moving average is $11.95 and its two-hundred day moving average is $13.21.

NU (NYSE:NU) last announced 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 company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Company 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.