2,491,555 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Focus Partners Wealth

Focus Partners Wealth bought a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,491,555 shares of the company's stock, valued at approximately $25,813,000. Focus Partners Wealth owned 0.05% of NU as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Engle Capital Management L.P. purchased a new stake in shares of NU in the fourth quarter valued at about $2,072,000. Ensign Peak Advisors Inc acquired a new stake in NU in the fourth quarter valued at about $2,852,000. Ethic Inc. lifted its position in NU by 19.1% in the fourth quarter. Ethic Inc. now owns 162,144 shares of the company's stock valued at $1,680,000 after purchasing an additional 25,979 shares during the period. Fiduciary Trust Co purchased a new stake in NU in the 4th quarter valued at approximately $215,000. Finally, Fred Alger Management LLC increased its position in NU by 34.8% during the 4th quarter. Fred Alger Management LLC now owns 899,567 shares of the company's stock worth $9,320,000 after purchasing an additional 232,406 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Barclays lifted their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, NU has a consensus rating of "Moderate Buy" and an average target price of $15.13.

NU Price Performance

Shares of NU stock traded down $0.37 on Thursday, hitting $13.12. The company's stock had a trading volume of 44,415,798 shares, compared to its average volume of 42,606,780. The company has a market capitalization of $63.22 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The firm has a fifty day moving average price of $11.34 and a 200-day moving average price of $12.10. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last announced its quarterly 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). NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the company earned $0.09 EPS. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.