Sequoia Financial Advisors LLC Purchases 14,065 Shares of Nu Holdings Ltd. (NYSE:NU)

Sequoia Financial Advisors LLC increased its position in Nu Holdings Ltd. (NYSE:NU) by 111.4% during the fourth quarter, Holdings Channel reports. The firm owned 26,686 shares of the company’s stock after buying an additional 14,065 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in NU were worth $276,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. LRI Investments LLC grew its stake in NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after buying an additional 743 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of NU by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after acquiring an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after acquiring an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after acquiring an additional 1,000 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of NU by 4.9% during the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after acquiring an additional 1,011 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Trading Up 3.7 %

NU opened at $11.93 on Thursday. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $12.04 and a 200-day moving average of $12.91. The stock has a market cap of $56.83 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NU shares. JPMorgan Chase & Co. cut their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Barclays dropped their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, NU presently has a consensus rating of “Hold” and a consensus target price of $15.47.

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.