Legacy Capital Wealth Partners LLC Invests $187,000 in Nu Holdings Ltd. (NYSE:NU)

Legacy Capital Wealth Partners LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,713 shares of the company’s stock, valued at approximately $187,000.

A number of other institutional investors have also recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV boosted its position in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the period. GAMMA Investing LLC grew its stake in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of NU during the third quarter valued at about $44,000. ORG Partners LLC acquired a new stake in shares of NU during the second quarter valued at about $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of NU during the third quarter valued at about $55,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on NU. Bank of America raised their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research note on Friday, August 2nd. Finally, Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.21.

NU Stock Performance

NU opened at $15.90 on Tuesday. The business’s 50 day moving average is $14.41 and its 200-day moving average is $13.12. The stock has a market cap of $75.78 billion, a PE ratio of 51.29, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a twelve month low of $7.74 and a twelve month high of $16.01.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the previous year, the company posted $0.05 earnings per share. On average, analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

About NU

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.