Good Life Advisors LLC Acquires New Shares in Nu Holdings Ltd. (NYSE:NU)

Good Life Advisors LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,275 shares of the company’s stock, valued at approximately $138,000.

A number of other large investors have also made changes to their positions in NU. Sequoia Financial Advisors LLC acquired a new position in NU in the 3rd quarter worth $172,000. Signaturefd LLC acquired a new position in NU in the 3rd quarter worth $158,000. IFM Investors Pty Ltd acquired a new position in NU in the 3rd quarter worth $1,379,000. Schwartz Investment Counsel Inc. acquired a new position in NU in the 3rd quarter worth $1,751,000. Finally, Warther Private Wealth LLC boosted its stake in NU by 1.7% in the 3rd quarter. Warther Private Wealth LLC now owns 857,344 shares of the company’s stock worth $11,703,000 after purchasing an additional 13,950 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of recent research reports. 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 research note on Tuesday. Susquehanna increased their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, KeyCorp increased their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.80.

NU Stock Down 19.2 %

Shares of NU stock opened at $10.78 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm’s 50-day moving average is $11.92 and its 200-day moving average is $13.23. The stock has a market cap of $51.35 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a net margin of 16.28% and a return on equity of 28.70%. Sell-side analysts predict that Nu Holdings Ltd. will post 0.42 EPS for the current year.

About NU

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.