Vident Advisory LLC Purchases 52,804 Shares of Nu Holdings Ltd. (NYSE:NU)

Vident Advisory LLC grew its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 262.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,955 shares of the company's stock after purchasing an additional 52,804 shares during the quarter. Vident Advisory LLC's holdings in NU were worth $756,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Piscataqua Savings Bank raised its holdings in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after acquiring an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. bought a new stake in shares of NU during the fourth quarter worth about $52,000. Cliffwater LLC acquired a new position in NU in the 4th quarter valued at approximately $57,000. Finally, Whipplewood Advisors LLC acquired a new stake in NU in the fourth quarter valued at $62,000. Institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NU shares. Susquehanna upped their price target on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Barclays increased their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group cut their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.13.

NU Trading Up 2.2%

NYSE NU traded up $0.26 during trading on Wednesday, hitting $12.20. 59,383,410 shares of the company's stock traded hands, compared to its average volume of 43,568,901. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The firm has a market cap of $58.79 billion, a P/E ratio of 30.50, a PEG ratio of 0.48 and a beta of 1.11. The stock has a fifty day moving average of $11.57 and a two-hundred day moving average of $11.92.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter last year, the business earned $0.09 earnings per share. As a group, sell-side analysts expect 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.