J.P. Morgan Private Wealth Advisors LLC Purchases 187,825 Shares of Nu Holdings Ltd. (NYSE:NU)

J.P. Morgan Private Wealth Advisors LLC grew its stake in shares of Nu Holdings Ltd. (NYSE:NUFree Report) by 100.2% in the third quarter, HoldingsChannel.com reports. The firm owned 375,342 shares of the company’s stock after purchasing an additional 187,825 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in NU were worth $2,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in NU by 37.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock worth $48,000 after purchasing an additional 1,641 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of NU in the first quarter valued at approximately $48,000. Evergreen Capital Management LLC bought a new position in shares of NU in the fourth quarter valued at approximately $48,000. WASHINGTON TRUST Co bought a new position in shares of NU in the third quarter valued at approximately $49,000. Finally, Shen Neil Nanpeng bought a new position in shares of NU in the fourth quarter valued at approximately $51,000. 53.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group upped their target price on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Redburn Atlantic assumed coverage on NU in a report on Wednesday, October 18th. They issued an “overweight” rating and a $11.00 target price for the company. TheStreet lowered NU from a “b-” rating to a “c” rating in a report on Friday, January 12th. Susquehanna increased their price objective on NU from $10.00 to $11.00 and gave the company a “positive” rating in a report on Wednesday, November 15th. Finally, Jefferies Financial Group assumed coverage on NU in a report on Monday, October 16th. They set a “buy” rating and a $10.80 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.40.

View Our Latest Stock Report on NU

NU Trading Up 2.7 %

NYSE:NU opened at $9.91 on Friday. The company has a market cap of $46.50 billion, a P/E ratio of 123.83 and a beta of 0.93. The stock’s fifty day moving average price is $8.73 and its two-hundred day moving average price is $8.04. Nu Holdings Ltd. has a 1 year low of $4.13 and a 1 year high of $9.93. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.31 and a quick ratio of 0.31.

NU (NYSE:NUGet Free Report) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. NU had a return on equity of 16.21% and a net margin of 5.26%. As a group, analysts expect that Nu Holdings Ltd. will post 0.24 EPS for the current year.

NU Profile

(Free Report)

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.

See Also

Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NUFree Report).

Institutional Ownership by Quarter for NU (NYSE:NU)

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