OLD Mission Capital LLC Buys New Stake in Nu Holdings Ltd. (NYSE:NU)

OLD Mission Capital LLC purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 63,876 shares of the company’s stock, valued at approximately $662,000.

Other institutional investors have also bought and sold shares of the company. Baader Bank Aktiengesellschaft raised its position in shares of NU by 19.6% during the 4th 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 in the last quarter. Royal London Asset Management Ltd. increased its stake in NU by 6.2% during the third 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 last quarter. Public Employees Retirement System of Ohio purchased a new stake in NU during the third quarter valued at approximately $69,022,000. Baillie Gifford & Co. lifted its stake in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of NU by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock worth $74,288,000 after purchasing an additional 271,903 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 6.8 %

Shares of NU opened at $9.57 on Friday. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a 50-day moving average of $11.87 and a 200 day moving average of $12.62.

NU (NYSE:NU) last posted 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 firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

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

NU Company 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.