Moran Wealth Management LLC Grows Position in Nu Holdings Ltd. (NYSE:NU)

Moran Wealth Management LLC raised its position in Nu Holdings Ltd. (NYSE:NU) by 4,617.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 738,727 shares of the company’s stock after purchasing an additional 723,068 shares during the quarter. Moran Wealth Management LLC’s holdings in NU were worth $7,653,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Piscataqua Savings Bank raised its holdings in shares of 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 buying an additional 2,500 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of NU during the 4th quarter valued at about $62,000. Huntington National Bank raised its holdings in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after buying an additional 2,131 shares during the period. Ethos Financial Group LLC purchased a new stake in shares of NU during the 4th quarter valued at about $82,000. Finally, Berbice Capital Management LLC purchased a new stake in shares of NU during the 4th quarter valued at about $93,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on NU shares. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and dropped their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays lowered their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, KeyCorp raised their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NU currently has a consensus rating of “Hold” and an average target price of $15.47.

NU Price Performance

Shares of NU opened at $10.12 on Tuesday. The firm has a market cap of $48.21 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 0.48 and a beta of 1.14. The stock has a 50 day moving average of $11.97 and a 200-day moving average of $13.05. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, analysts forecast 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.