337,748 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 337,748 shares of the company’s stock, valued at approximately $3,499,000.

Several other hedge funds have also recently made changes to their positions in the business. Piscataqua Savings Bank grew its holdings in NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the last quarter. Campbell Capital Management Inc. bought a new stake in shares of NU during the 4th quarter worth approximately $52,000. Whipplewood Advisors LLC purchased a new position in NU during the 4th quarter valued at $62,000. Ethos Financial Group LLC purchased a new stake in NU in the fourth quarter worth $82,000. Finally, Berbice Capital Management LLC bought a new position in shares of NU in the fourth quarter worth about $93,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NU stock opened at $12.01 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. 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 $57.24 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The business has a fifty day moving average of $10.98 and a 200 day moving average of $12.23.

NU (NYSE:NU) last announced its quarterly earnings results 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 return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Barclays boosted their price target on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday. Finally, UBS Group reduced their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, NU currently 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.