Wealth Enhancement Advisory Services LLC Purchases 196,675 Shares of Nu Holdings Ltd. (NYSE:NU)

Wealth Enhancement Advisory Services LLC increased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 288.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,785 shares of the company's stock after buying an additional 196,675 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in NU were worth $2,743,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NU. Baillie Gifford & Co. boosted its position in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its stake in NU by 131.7% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 37,992 shares of the company's stock valued at $394,000 after purchasing an additional 21,592 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in NU during the fourth quarter valued at approximately $441,000. Cetera Investment Advisers boosted its holdings in NU by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after buying an additional 10,955 shares in the last quarter. Finally, Empowered Funds LLC grew its position in NU by 22.4% in the fourth quarter. Empowered Funds LLC now owns 225,830 shares of the company's stock worth $2,340,000 after buying an additional 41,393 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NYSE NU traded up $0.03 during trading hours on Friday, reaching $12.14. The stock had a trading volume of 40,872,481 shares, compared to its average volume of 44,135,341. The company has a market cap of $58.50 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 0.48 and a beta of 1.04. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The business's fifty day moving average is $11.70 and its two-hundred day moving average is $11.79. 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 (NYSE:NU - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

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

About NU

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.