Seven Mile Advisory Has $254,000 Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Seven Mile Advisory raised its holdings in Nu Holdings Ltd. (NYSE:NU) by 26.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,490 shares of the company’s stock after buying an additional 5,142 shares during the quarter. Seven Mile Advisory’s holdings in NU were worth $254,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Piscataqua Savings Bank grew its stake in shares of 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 acquiring an additional 2,500 shares during the last quarter. Campbell Capital Management Inc. bought a new position in shares of NU during the 4th quarter worth about $52,000. Whipplewood Advisors LLC acquired a new position in shares of NU during the fourth quarter valued at about $62,000. Ethos Financial Group LLC bought a new stake in shares of NU in the fourth quarter valued at about $82,000. Finally, Berbice Capital Management LLC bought a new position in NU during the fourth quarter valued at about $93,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Down 6.8 %

Shares of NU stock opened at $10.34 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $49.26 billion, a P/E ratio of 25.84, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The firm has a 50-day moving average price of $12.04 and a 200 day moving average price of $12.75.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the subject of several recent research reports. Citigroup cut NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. JPMorgan Chase & Co. reduced their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, UBS Group reduced their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, NU currently has an average rating of “Hold” and a consensus target price of $15.47.

NU 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.