Carolina Wealth Advisors LLC Makes New Investment in Nu Holdings Ltd. (NYSE:NU)

by · The Cerbat Gem

Carolina Wealth Advisors LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,214 shares of the company’s stock, valued at approximately $44,000.

A number of other large investors have also added to or reduced their stakes in NU. GAMMA Investing LLC lifted its position in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the last quarter. Marcum Wealth LLC increased its holdings in shares of NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after acquiring an additional 903 shares during the last quarter. Stokes Family Office LLC lifted its stake in NU by 10.0% during the first quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock worth $131,000 after purchasing an additional 1,000 shares during the last quarter. Fortis Capital Management LLC increased its stake in NU by 6.6% during the second quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after purchasing an additional 1,072 shares during the last quarter. Finally, Americana Partners LLC raised its holdings in shares of NU by 7.8% during the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after purchasing an additional 1,115 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

NYSE NU traded up $0.03 on Monday, reaching $14.48. 10,513,433 shares of the stock traded hands, compared to its average volume of 32,391,820. Nu Holdings Ltd. has a 12 month low of $7.74 and a 12 month high of $15.16. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $14.12 and its 200 day simple moving average is $12.69. The company has a market cap of $69.01 billion, a price-to-earnings ratio of 46.84, a P/E/G ratio of 0.67 and a beta of 1.15.

NU (NYSE:NU – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company earned $0.05 EPS. As a group, research analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on NU. The Goldman Sachs Group lifted their target price on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Barclays boosted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America raised their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Jefferies Financial Group increased their price objective on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.21.

Check Out Our Latest Report on NU

About NU

(Free Report)

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.

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