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

Seven Mile Advisory grew its position in Nu Holdings Ltd. (NYSE:NU) by 26.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,490 shares of the company’s stock after purchasing an additional 5,142 shares during the period. Seven Mile Advisory’s holdings in NU were worth $254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft increased its position in NU by 19.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after purchasing an additional 58,183 shares during the period. Royal London Asset Management Ltd. grew its position in shares of NU by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after buying an additional 76,009 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of NU during the third quarter worth approximately $15,829,000. Public Employees Retirement System of Ohio bought a new position in NU in the third quarter valued at approximately $69,022,000. Finally, Baillie Gifford & Co. grew its holdings in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

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

NU Price Performance

NYSE NU opened at $10.34 on Monday. The firm’s 50 day moving average is $12.04 and its 200-day moving average is $12.75. 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 PE ratio of 25.84, a price-to-earnings-growth 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.

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

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.