Verdence Capital Advisors LLC Increases Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Verdence Capital Advisors LLC lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 65.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,517 shares of the company’s stock after buying an additional 6,517 shares during the period. Verdence Capital Advisors LLC’s holdings in NU were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NU. abrdn plc raised its position in NU by 110.9% in the fourth quarter. abrdn plc now owns 767,497 shares of the company’s stock worth $6,370,000 after acquiring an additional 403,656 shares during the period. Ninety One UK Ltd bought a new position in NU in the 4th quarter worth $2,370,000. Flossbach Von Storch AG lifted its position in NU by 35.0% during the fourth quarter. Flossbach Von Storch AG now owns 675,000 shares of the company’s stock valued at $5,623,000 after purchasing an additional 175,000 shares in the last quarter. Carnegie Capital Asset Management LLC grew its holdings in NU by 0.5% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 1,465,260 shares of the company’s stock valued at $12,206,000 after purchasing an additional 7,300 shares during the period. Finally, Granite Bay Wealth Management LLC purchased a new stake in NU in the fourth quarter worth about $135,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of NU from $10.50 to $11.50 and gave the stock a “buy” rating in a report on Monday, January 29th. Susquehanna lifted their target price on shares of NU from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. KeyCorp upped their target price on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday. Finally, TheStreet raised NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

NU Stock Performance

Shares of NYSE NU opened at $10.91 on Wednesday. The company has a market cap of $51.20 billion, a P/E ratio of 51.93, a P/E/G ratio of 0.52 and a beta of 1.08. Nu Holdings Ltd. has a 52-week low of $4.85 and a 52-week high of $12.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The firm’s fifty day moving average is $11.30 and its two-hundred day moving average is $9.48.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same period in the previous year, the company posted $0.03 earnings per share. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.39 EPS for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.