Carolina Wealth Advisors LLC Boosts Stake in Nu Holdings Ltd. $NU

Key Points

• Carolina Wealth Advisors LLC increased its stake in Nu Holdings Ltd. (NYSE:NU) by 31.5%, bringing its total shares to 74,405, which are valued at approximately $1,021,000.
• Major brokerages, including Citigroup and Bradesco Corretora, have recently upgraded their ratings on NU, indicating positive sentiment and setting target prices as high as $18.00.
• Nu Holdings reported earnings of $0.14 per share for the last quarter, surpassing expectations, despite revenue falling short of estimates at $3.70 billion.

Carolina Wealth Advisors LLC lifted its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 31.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,405 shares of the company's stock after purchasing an additional 17,842 shares during the period. Carolina Wealth Advisors LLC's holdings in NU were worth $1,021,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Armstrong Advisory Group Inc. purchased a new stake in shares of NU in the second quarter valued at approximately $27,000. NBC Securities Inc. grew its stake in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after acquiring an additional 2,860 shares during the period. Capital Analysts LLC purchased a new stake in NU in the 1st quarter worth $31,000. TFC Financial Management Inc. raised its position in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after acquiring an additional 1,325 shares during the period. Finally, ORG Partners LLC raised its position in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after acquiring an additional 1,920 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NU. Citigroup raised shares of NU from a "sell" rating to a "buy" rating and boosted their target price for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 price objective for the company in a research note on Monday, August 25th. Susquehanna increased their target price on NU from $15.00 to $17.00 and gave the company a "positive" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. raised their target price on NU from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $17.06.

NU Stock Up 0.4%

Shares of NU opened at $15.28 on Friday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.42. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $12.87. The company has a market capitalization of $73.61 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the firm posted $0.12 earnings per share. As a group, equities analysts forecast 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.

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