Nu Holdings Ltd. (NYSE:NU) Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 4,617.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 738,727 shares of the company’s stock after acquiring an additional 723,068 shares during the period. Moran Wealth Management LLC’s holdings in NU were worth $7,653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in NU by 77.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,433,205 shares of the company’s stock valued at $14,848,000 after purchasing an additional 625,397 shares during the last quarter. Barings LLC grew its holdings in NU by 149.7% in the fourth quarter. Barings LLC now owns 920,556 shares of the company’s stock valued at $9,537,000 after purchasing an additional 551,924 shares during the last quarter. Amundi grew its holdings in NU by 20.1% in the fourth quarter. Amundi now owns 7,747,841 shares of the company’s stock valued at $86,311,000 after purchasing an additional 1,294,664 shares during the last quarter. Andra AP fonden grew its holdings in NU by 77.8% in the fourth quarter. Andra AP fonden now owns 2,345,000 shares of the company’s stock valued at $24,294,000 after purchasing an additional 1,026,100 shares during the last quarter. Finally, Ethos Financial Group LLC acquired a new stake in NU in the fourth quarter valued at $82,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NU. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. decreased 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. The Goldman Sachs Group increased their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays decreased their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Finally, UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.47.

NU Stock Performance

NYSE NU opened at $10.12 on Tuesday. The business’s 50-day moving average price is $11.97 and its 200 day moving average price is $13.05. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The company has a market capitalization of $48.21 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last released its earnings results 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 firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share 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.