Proem Advisors LLC Invests $4.40 Million in Nu Holdings Ltd. (NYSE:NU)

Proem Advisors LLC bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 425,000 shares of the company’s stock, valued at approximately $4,403,000. NU accounts for about 1.2% of Proem Advisors LLC’s holdings, making the stock its 11th biggest position.

A number of other hedge funds have also recently bought and sold shares of NU. Baillie Gifford & Co. raised its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after buying an additional 14,875,891 shares during the last quarter. State Street Corp increased its stake in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. Norges Bank acquired a new position in NU in the 4th quarter valued at approximately $447,762,000. Geode Capital Management LLC lifted its position in shares of NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company’s stock worth $348,774,000 after acquiring an additional 1,179,748 shares during the period. Finally, Kontiki Capital Management HK Ltd. grew its holdings in shares of NU by 14.9% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company’s stock worth $218,700,000 after purchasing an additional 2,741,700 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NU. JPMorgan Chase & Co. cut their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Barclays dropped their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Finally, UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, NU has an average rating of “Hold” and an average price target of $15.47.

NU Trading Down 3.2 %

NYSE:NU opened at $10.26 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business’s 50-day simple moving average is $11.92 and its 200-day simple moving average is $12.66. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a market capitalization of $48.87 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.