Lakeshore Financial Planning Inc. Buys New Stake in Nu Holdings Ltd. (NYSE:NU)

Lakeshore Financial Planning Inc. bought a new stake in Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,500 shares of the company’s stock, valued at approximately $109,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Piscataqua Savings Bank boosted its holdings in 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 acquiring an additional 2,500 shares during the last quarter. Campbell Capital Management Inc. acquired a new position in NU in the fourth quarter valued at $52,000. Whipplewood Advisors LLC purchased a new position in NU in the fourth quarter valued at about $62,000. Ethos Financial Group LLC purchased a new position in NU in the fourth quarter valued at about $82,000. Finally, Quarry LP raised its position in NU by 104.8% in the third quarter. Quarry LP now owns 7,890 shares of the company’s stock valued at $108,000 after purchasing an additional 4,037 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

NYSE NU opened at $11.39 on Friday. The stock has a market capitalization of $54.26 billion, a P/E ratio of 28.47, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The business’s fifty day moving average is $12.04 and its two-hundred day moving average is $12.90. 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 (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the topic of a number of analyst reports. Barclays dropped their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.