Nu Holdings Ltd. (NYSE:NU) Position Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its stake in Nu Holdings Ltd. (NYSE:NU) by 10.1% during the 4th quarter, HoldingsChannel reports. The firm owned 14,550 shares of the company’s stock after acquiring an additional 1,330 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in NU were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Huntington National Bank raised its stake in NU by 1,232.5% during the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after acquiring an additional 3,833 shares in the last quarter. WASHINGTON TRUST Co bought a new stake in NU during the 3rd quarter valued at $49,000. PNC Financial Services Group Inc. raised its stake in NU by 37.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock valued at $60,000 after acquiring an additional 2,258 shares in the last quarter. ProVise Management Group LLC bought a new stake in NU during the 3rd quarter valued at $74,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in NU during the 3rd quarter valued at $77,000. Institutional investors own 80.90% of the company’s stock.

Analyst Ratings Changes

NU has been the topic of several research analyst reports. KeyCorp lifted their price target on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group lifted their price target on NU from $10.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, January 29th. TheStreet upgraded NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Finally, Susquehanna lifted their price target on NU from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.00.

NU Price Performance

NU opened at $10.86 on Friday. The stock has a market cap of $50.99 billion, a price-to-earnings ratio of 51.72, a PEG ratio of 0.53 and a beta of 1.08. Nu Holdings Ltd. has a 1 year low of $4.91 and a 1 year high of $12.39. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $11.32 and a 200 day moving average price of $9.50.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm earned $0.03 EPS. Analysts forecast that Nu Holdings Ltd. will post 0.39 EPS for the current fiscal year.

About NU

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.