Blueshift Asset Management LLC Acquires Shares of 14,733 Nu Holdings Ltd. (NYSE:NU)

Blueshift Asset Management LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,733 shares of the company’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC bought a new stake in NU in the 3rd quarter valued at about $98,704,000. Thrivent Financial for Lutherans raised its position in shares of NU by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after buying an additional 48,445 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its stake in shares of NU by 19.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after buying an additional 58,183 shares during the period. Summit Partners Public Asset Management LLC grew its position in NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after buying an additional 50,000 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its stake in NU by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after acquiring an additional 76,009 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

NYSE NU opened at $11.62 on Friday. The firm’s fifty day moving average price is $12.05 and its two-hundred day moving average price is $12.86. The stock has a market cap of $55.36 billion, a PE ratio of 29.04, a PEG ratio of 0.48 and a beta of 1.14. 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 Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. On average, equities analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Barclays reduced their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.47.

NU 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.