FineMark National Bank & Trust Invests $253,000 in Nu Holdings Ltd. $NU

FineMark National Bank & Trust acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,425 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC lifted its position in NU by 5.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock worth $164,000 after acquiring an additional 838 shares during the period. Rothschild Investment LLC raised its stake in shares of NU by 6.3% in the second quarter. Rothschild Investment LLC now owns 17,671 shares of the company’s stock worth $242,000 after purchasing an additional 1,046 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of NU by 1.4% in the second quarter. Frank Rimerman Advisors LLC now owns 76,238 shares of the company’s stock worth $1,046,000 after purchasing an additional 1,063 shares during the last quarter. Dakota Wealth Management lifted its holdings in shares of NU by 3.9% during the second quarter. Dakota Wealth Management now owns 31,314 shares of the company’s stock worth $430,000 after purchasing an additional 1,180 shares during the period. Finally, Richards Merrill & Peterson Inc. boosted its position in NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company’s stock valued at $42,000 after buying an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NU shares. Susquehanna raised their price target on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. KeyCorp increased their price objective on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and boosted their target price for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. Bank of America upped their price target on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Finally, UBS Group lifted their price objective on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.44.

NU Stock Down 2.0%

NU stock opened at $15.34 on Friday. The firm has a market cap of $73.92 billion, a PE ratio of 30.08, a P/E/G ratio of 0.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 0.56. The firm’s fifty day moving average is $15.68 and its 200 day moving average is $13.95. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.55.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $3.96 billion. On average, research analysts forecast 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.