Nwam LLC Has $313,000 Holdings in Nu Holdings Ltd. (NYSE:NU)

Nwam LLC boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 18.8% in the fourth quarter, Holdings Channel reports. The fund owned 30,175 shares of the company’s stock after acquiring an additional 4,765 shares during the period. Nwam LLC’s holdings in NU were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. First Trust Direct Indexing L.P. bought a new position in NU during the third quarter worth $142,000. Financial Advocates Investment Management grew its position in NU by 7.1% in the 3rd quarter. Financial Advocates Investment Management now owns 38,155 shares of the company’s stock worth $521,000 after purchasing an additional 2,537 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of NU during the 3rd quarter worth about $236,000. Harbor Capital Advisors Inc. acquired a new position in shares of NU during the third quarter valued at about $581,000. Finally, GFS Advisors LLC lifted its stake in shares of NU by 26,218.7% in the third quarter. GFS Advisors LLC now owns 513,215 shares of the company’s stock valued at $7,005,000 after buying an additional 511,265 shares during the period. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of several research reports. JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, Susquehanna raised their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.47.

NU Stock Down 4.3 %

NU opened at $10.77 on Friday. The firm has a market cap of $51.31 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 0.48 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm’s 50-day simple moving average is $11.95 and its 200-day simple moving average is $13.21. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15.

NU (NYSE:NU) last issued 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 firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.