Wealth Enhancement Advisory Services LLC Has $2.74 Million Position in Nu Holdings Ltd. (NYSE:NU)

Wealth Enhancement Advisory Services LLC increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 306.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 229,818 shares of the company’s stock after buying an additional 173,243 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NU were worth $2,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NU. Tennessee Valley Asset Management Partners acquired a new stake in shares of NU during the 4th quarter worth approximately $52,000. UMB Bank n.a. bought a new stake in NU in the 4th quarter valued at $55,000. PNC Financial Services Group Inc. raised its stake 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. Benjamin F. Edwards & Company Inc. bought a new position in shares of NU during the 4th quarter worth about $94,000. Finally, ProVise Management Group LLC boosted its position in shares of NU by 13.5% during the 4th quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock valued at $96,000 after acquiring an additional 1,380 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on NU shares. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Jefferies Financial Group boosted their price target on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. Susquehanna increased their price objective on NU from $12.00 to $14.00 and gave the stock a “positive” rating in a research note on Wednesday, May 15th. Barclays initiated coverage on shares of NU in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 target price on the stock. Finally, KeyCorp increased their target price on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.70.

NU Trading Up 0.6 %

Shares of NYSE NU opened at $12.43 on Thursday. Nu Holdings Ltd. has a 1-year low of $6.61 and a 1-year high of $13.01. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $11.81 and a two-hundred day moving average of $10.77. The company has a market cap of $59.24 billion, a PE ratio of 47.81, a P/E/G ratio of 0.61 and a beta of 1.14.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

NU Company Profile

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.