Jessup Wealth Management Inc Makes New $222,000 Investment in Nu Holdings Ltd. (NYSE:NU)

Jessup Wealth Management Inc bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the first quarter, HoldingsChannel.com reports. The firm bought 18,620 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in shares of NU during the 4th quarter worth about $52,000. UMB Bank n.a. bought a new stake in NU in the fourth quarter valued at about $55,000. PNC Financial Services Group Inc. increased 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 acquiring an additional 2,258 shares during the period. Sand Hill Global Advisors LLC bought a new stake in NU in the third quarter valued at about $84,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in NU in the fourth quarter valued at about $94,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analyst Ratings Changes

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

NU Price Performance

Shares of NU traded down $0.10 during mid-day trading on Friday, hitting $12.82. 15,822,888 shares of the company traded hands, compared to its average volume of 28,749,416. Nu Holdings Ltd. has a one year low of $6.61 and a one 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 business has a 50-day moving average of $11.66 and a 200 day moving average of $10.63. The stock has a market capitalization of $61.10 billion, a price-to-earnings ratio of 49.69, a PEG ratio of 0.60 and a beta of 1.13.

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