Wedmont Private Capital Has $234,000 Holdings in Nu Holdings Ltd. (NYSE:NU)

Wedmont Private Capital increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 11.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,764 shares of the company’s stock after purchasing an additional 2,089 shares during the period. Wedmont Private Capital’s holdings in NU were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tennessee Valley Asset Management Partners bought a new stake in shares of NU in the fourth quarter valued at about $52,000. UMB Bank n.a. bought a new stake in NU in the fourth quarter valued at approximately $55,000. PNC Financial Services Group Inc. raised its stake in NU by 37.1% in the third 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 during the period. Seven Mile Advisory bought a new stake in NU in the third quarter valued at approximately $82,000. Finally, Sand Hill Global Advisors LLC bought a new stake in NU in the third quarter valued at approximately $84,000. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 1.4 %

Shares of NU opened at $12.25 on Friday. Nu Holdings Ltd. has a 52 week low of $6.61 and a 52 week high of $12.49. The stock has a market capitalization of $58.38 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 0.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a fifty day moving average of $11.53 and a 200-day moving average of $10.53.

NU (NYSE:NU) last announced its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on NU. Susquehanna upped their price objective on NU from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Wednesday, May 15th. TheStreet upgraded NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Finally, KeyCorp upped their price objective on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.74.

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.