Wealth Enhancement Advisory Services LLC Boosts Position in Nu Holdings Ltd. (NYSE:NU)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 6.6% during the 1st quarter, Holdings Channel reports. The fund owned 282,317 shares of the company’s stock after buying an additional 17,532 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NU were worth $2,891,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. raised its holdings in shares of NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after acquiring an additional 2,860 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock worth $39,000 after acquiring an additional 1,295 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of NU by 128.7% during the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company’s stock worth $44,000 after acquiring an additional 2,392 shares during the period. Orion Capital Management LLC purchased a new position in shares of NU during the 4th quarter worth $50,000. Finally, TD Waterhouse Canada Inc. raised its holdings 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 period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the topic of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of NU in a report on Friday, June 13th. Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and an average price target of $15.13.

NU Stock Down 1.3%

Shares of NYSE:NU opened at $13.22 on Friday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The firm has a market capitalization of $63.68 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s 50-day moving average is $12.35 and its two-hundred day moving average is $11.75.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm posted $0.09 earnings per share. Analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.