Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes $121,000 Position in Nu Holdings Ltd. (NYSE:NU)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,552 shares of the company’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NU. Huntington National Bank boosted its stake in shares of NU by 1,232.5% in the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after buying an additional 3,833 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in NU during the 4th quarter worth approximately $52,000. UMB Bank n.a. purchased a new stake in shares of NU in the 4th quarter valued at approximately $55,000. PNC Financial Services Group Inc. raised its holdings in shares of NU by 37.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock valued at $60,000 after purchasing an additional 2,258 shares in the last quarter. Finally, ProVise Management Group LLC purchased a new stake in shares of NU during the 3rd quarter worth $74,000. 80.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Susquehanna raised their price target on NU from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. UBS Group raised their target price on NU from $10.50 to $11.50 and gave the stock 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 note on Friday, March 8th. Finally, KeyCorp increased their price target on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.00.

NU Price Performance

Shares of NYSE NU opened at $11.79 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.18. The stock has a market cap of $55.35 billion, a P/E ratio of 56.15, a P/E/G ratio of 0.57 and a beta of 1.11. The stock has a 50 day moving average of $11.49 and a two-hundred day moving average of $9.75. Nu Holdings Ltd. has a twelve month low of $5.79 and a twelve month high of $12.39.

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