Carolina Wealth Advisors LLC Grows Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Carolina Wealth Advisors LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 291.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,563 shares of the company's stock after buying an additional 42,121 shares during the quarter. Carolina Wealth Advisors LLC's holdings in NU were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of NU. NBC Securities Inc. increased its position in shares of NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after buying an additional 2,860 shares during the period. TFC Financial Management Inc. increased its position in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after buying an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after acquiring an additional 1,295 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in NU by 128.7% during the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in NU during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Down 1.3%

Shares of NYSE NU traded down $0.18 during midday trading on Friday, hitting $13.22. The stock had a trading volume of 186,366,995 shares, compared to its average volume of 46,713,936. The business's 50 day moving average is $12.35 and its 200-day moving average is $11.75. The company has a market cap of $63.68 billion, a P/E ratio of 30.73, a PEG ratio of 0.76 and a beta of 1.04. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter in the prior year, the company posted $0.09 EPS. As a group, analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the topic of several research reports. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Morgan Stanley reissued an "overweight" rating on shares of NU in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.13.

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.