Vestmark Advisory Solutions Inc. Purchases New Shares in Nu Holdings Ltd. (NYSE:NU)

Vestmark Advisory Solutions Inc. acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 34,595 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors have also recently made changes to their positions in NU. Commonwealth Equity Services LLC boosted its holdings in NU by 24.1% during the third quarter. Commonwealth Equity Services LLC now owns 119,106 shares of the company’s stock worth $864,000 after purchasing an additional 23,100 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of NU by 43.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 202,786 shares of the company’s stock worth $1,470,000 after buying an additional 61,769 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of NU by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 4,165,688 shares of the company’s stock valued at $30,201,000 after acquiring an additional 36,529 shares in the last quarter. Strs Ohio purchased a new stake in shares of NU during the third quarter valued at approximately $753,000. Finally, Deepwater Asset Management LLC lifted its holdings in NU by 6.2% during the third quarter. Deepwater Asset Management LLC now owns 1,756,278 shares of the company’s stock worth $12,733,000 after acquiring an additional 102,788 shares during the period. Institutional investors own 80.90% of the company’s stock.

NU Stock Up 2.7 %

NU stock opened at $12.00 on Tuesday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.18. Nu Holdings Ltd. has a 1-year low of $5.48 and a 1-year high of $12.39. The firm has a market capitalization of $56.34 billion, a price-to-earnings ratio of 57.15, a P/E/G ratio of 0.57 and a beta of 1.11. The firm has a 50 day simple moving average of $11.41 and a 200 day simple moving average of $9.66.

NU (NYSE:NU) last issued its earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the business earned $0.03 EPS. On average, analysts predict that Nu Holdings Ltd. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

NU has been the subject of several research analyst reports. UBS Group raised their target price on NU from $10.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, January 29th. TheStreet raised shares of NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Susquehanna increased their target price on shares of NU from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Finally, KeyCorp lifted their price target on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

NU Company 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.