Focus Partners Wealth Invests $25.81 Million in Nu Holdings Ltd. (NYSE:NU)

Focus Partners Wealth acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,491,555 shares of the company’s stock, valued at approximately $25,813,000. Focus Partners Wealth owned about 0.05% of NU at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NU. Piscataqua Savings Bank increased its stake in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in 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 buying an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. acquired a new position in NU in the 4th quarter valued at about $52,000. Cliffwater LLC acquired a new position in NU in the 4th quarter valued at about $57,000. Finally, Whipplewood Advisors LLC acquired a new position in NU in the 4th quarter valued at about $62,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NYSE:NU opened at $12.84 on Monday. The company’s 50 day moving average price is $11.19 and its two-hundred day moving average price is $12.10. 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 $61.87 billion, a PE ratio of 32.10, a PEG ratio of 0.48 and a beta of 1.11. 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) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

NU has been the topic of a number of research reports. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average target price of $15.47.

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.