Proficio Capital Partners LLC Buys Shares of 42,549 Nu Holdings Ltd. (NYSE:NU)

Proficio Capital Partners LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,549 shares of the company’s stock, valued at approximately $441,000.

A number of other institutional investors also recently bought and sold shares of the company. Piscataqua Savings Bank increased its position in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in NU in the fourth quarter worth about $62,000. Huntington National Bank increased its position in NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after buying an additional 2,131 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in NU in the fourth quarter worth about $93,000. Finally, SteelPeak Wealth LLC purchased a new stake in NU in the fourth quarter worth about $105,000. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group increased their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. UBS Group cut their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Barclays cut their target price on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.47.

NU Price Performance

Shares of NU stock opened at $10.12 on Tuesday. The stock has a 50 day moving average of $11.97 and a 200 day moving average of $13.05. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The firm has a market cap of $48.21 billion, a PE ratio of 25.29, a PEG ratio of 0.48 and a beta of 1.14. 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 (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates 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%. On average, research analysts expect 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.