Adalta Capital Management LLC Raises Position in Nu Holdings Ltd. (NYSE:NU)

Adalta Capital Management LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 27.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 106,500 shares of the company’s stock after acquiring an additional 22,950 shares during the period. Adalta Capital Management LLC’s holdings in NU were worth $1,103,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NU. Piscataqua Savings Bank raised its holdings in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in NU by 190.8% during 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 period. Campbell Capital Management Inc. bought a new stake in NU during the fourth quarter worth about $52,000. Cliffwater LLC bought a new stake in NU during the fourth quarter worth about $57,000. Finally, Whipplewood Advisors LLC purchased a new position in NU during the fourth quarter valued at $62,000. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays raised their price target on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, April 25th. JPMorgan Chase & Co. raised 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 report on Tuesday, April 8th. Susquehanna increased their price target on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a report on Wednesday, May 14th. Finally, UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.13.

NU Stock Performance

NU stock opened at $12.74 on Wednesday. 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 1 year low of $9.01 and a 1 year high of $16.15. The company has a market cap of $61.39 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The stock’s fifty day moving average price is $11.53 and its 200-day moving average price is $12.02.

NU (NYSE:NU) last announced 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). NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the business posted $0.09 earnings per share. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.