D.A. Davidson & CO. Has $322,000 Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

D.A. Davidson & CO. increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 84.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,060 shares of the company’s stock after buying an additional 14,239 shares during the quarter. D.A. Davidson & CO.’s holdings in NU were worth $322,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Piscataqua Savings Bank lifted its stake in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares during the period. Huntington National Bank lifted its stake in NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares during the period. Quarry LP lifted its stake in NU by 104.8% during the third quarter. Quarry LP now owns 7,890 shares of the company’s stock worth $108,000 after purchasing an additional 4,037 shares during the period. Berbice Capital Management LLC bought a new position in NU during the fourth quarter worth about $93,000. Finally, Avior Wealth Management LLC lifted its stake in NU by 51.8% during the third quarter. Avior Wealth Management LLC now owns 9,985 shares of the company’s stock worth $136,000 after purchasing an additional 3,409 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

NU stock opened at $11.50 on Thursday. The company has a 50 day moving average price of $11.92 and a 200 day moving average price of $13.23. 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 fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a market capitalization of $54.78 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.17 billion. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

NU has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Susquehanna lifted their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.47.

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.