Emerald Advisers LLC Has $669,000 Holdings in Nu Holdings Ltd. (NYSE:NU)

Emerald Advisers LLC increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,531 shares of the company’s stock after acquiring an additional 10,481 shares during the period. Emerald Advisers LLC’s holdings in NU were worth $669,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Piscataqua Savings Bank raised its holdings in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the last quarter. Campbell Capital Management Inc. acquired a new stake in NU in the 4th quarter valued at $52,000. Whipplewood Advisors LLC bought a new stake in NU during the 4th quarter worth about $62,000. Ethos Financial Group LLC acquired a new position in shares of NU during the 4th quarter worth about $82,000. Finally, Berbice Capital Management LLC acquired a new stake in shares of NU in the fourth quarter valued at about $93,000. 84.02% of the stock is owned by institutional investors.

NU Stock Up 1.9 %

Shares of NU opened at $11.62 on Monday. The firm has a market cap of $55.36 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. 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 Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15. The firm’s 50-day simple moving average is $12.05 and its 200 day simple moving average is $12.85.

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

Analyst Upgrades and Downgrades

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

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.