Nu Holdings Ltd. (NYSE:NU) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its position in Nu Holdings Ltd. (NYSE:NU) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,550 shares of the company’s stock after acquiring an additional 1,330 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in NU were worth $121,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NU. AE Wealth Management LLC boosted its stake in shares of NU by 10.9% in the 3rd quarter. AE Wealth Management LLC now owns 13,268 shares of the company’s stock valued at $96,000 after buying an additional 1,299 shares during the period. SG Americas Securities LLC boosted its stake in shares of NU by 487.1% in the 3rd quarter. SG Americas Securities LLC now owns 190,907 shares of the company’s stock valued at $1,384,000 after buying an additional 158,392 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of NU by 7.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 294,515 shares of the company’s stock valued at $2,135,000 after buying an additional 20,931 shares during the period. WASHINGTON TRUST Co purchased a new position in shares of NU in the 3rd quarter valued at about $49,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of NU by 100.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 96,800 shares of the company’s stock valued at $702,000 after buying an additional 48,400 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NU shares. TheStreet upgraded NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Susquehanna boosted their target price on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. KeyCorp boosted their target price on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, UBS Group boosted their target price on NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

NU Trading Up 0.8 %

NYSE:NU opened at $10.86 on Friday. The firm has a market cap of $50.99 billion, a P/E ratio of 51.72, a PEG ratio of 0.53 and a beta of 1.08. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $11.32 and its 200-day simple moving average is $9.50. Nu Holdings Ltd. has a 12-month low of $4.91 and a 12-month high of $12.39.

NU (NYSE:NU) last released its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NU had a net margin of 12.84% and a return on equity of 20.02%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the firm posted $0.03 EPS. Equities analysts anticipate that Nu Holdings Ltd. will post 0.39 EPS for the current year.

NU Profile

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.