Prasad Wealth Partners LLC Makes New $346,000 Investment in Nu Holdings Ltd. (NYSE:NU)

Prasad Wealth Partners LLC purchased a new position in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, HoldingsChannel reports. The firm purchased 33,376 shares of the company’s stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC grew its position in shares of NU by 16.8% during the fourth quarter. Rothschild Investment LLC now owns 11,346 shares of the company’s stock worth $118,000 after purchasing an additional 1,633 shares in the last quarter. IFP Advisors Inc lifted its holdings in NU by 47.1% in the 4th quarter. IFP Advisors Inc now owns 63,689 shares of the company’s stock worth $660,000 after purchasing an additional 20,385 shares in the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its stake in NU by 45.0% in the 4th quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 145,000 shares of the company’s stock worth $1,544,000 after purchasing an additional 45,000 shares during the period. Matauro LLC purchased a new stake in NU during the 4th quarter valued at approximately $120,000. Finally, Transcend Capital Advisors LLC raised its position in shares of NU by 22.8% during the fourth quarter. Transcend Capital Advisors LLC now owns 21,558 shares of the company’s stock valued at $223,000 after buying an additional 4,000 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Barclays reduced their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup lowered NU from a “neutral” rating to a “sell” rating and dropped their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group raised their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.47.

NU Stock Performance

NYSE:NU opened at $11.04 on Tuesday. The firm has a market capitalization of $52.59 billion, a PE ratio of 27.59, a PEG ratio of 0.48 and a beta of 1.10. The stock’s fifty day moving average is $11.91 and its 200 day moving average is $13.25. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Company 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.