DiNuzzo Private Wealth Inc. Takes $345,000 Position in Nu Holdings Ltd. (NYSE:NU)

DiNuzzo Private Wealth Inc. purchased a new stake in Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,400 shares of the company’s stock, valued at approximately $345,000.

A number of other large investors also recently made changes to their positions in NU. Huntington National Bank increased its position 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 in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of NU in the 4th quarter valued at $52,000. UMB Bank n.a. bought a new stake in shares of NU in the 4th quarter valued at $55,000. PNC Financial Services Group Inc. increased its position 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 buying an additional 2,258 shares in the last quarter. Finally, ProVise Management Group LLC bought a new stake in shares of NU in the 3rd quarter valued at $74,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analysts Set New Price Targets

NU has been the subject of a number of research reports. Susquehanna increased their target price on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. KeyCorp increased their price objective on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, UBS Group increased their price objective on shares of NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

NU Trading Down 0.4 %

Shares of NU stock traded down $0.04 during trading on Wednesday, hitting $10.82. The company’s stock had a trading volume of 11,268,905 shares, compared to its average volume of 29,703,977. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.38. Nu Holdings Ltd. has a 52 week low of $5.14 and a 52 week high of $12.39. The stock has a market cap of $50.80 billion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The stock has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $9.57.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm earned $0.03 EPS. Equities research analysts anticipate 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.