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

Blueshift Asset Management LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,733 shares of the company’s stock, valued at approximately $153,000.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NU shares. JPMorgan Chase & Co. decreased their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. UBS Group decreased 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. Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and decreased their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.47.

NU Price Performance

Shares of NYSE NU opened at $11.62 on Friday. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The company has a market cap of $55.36 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The business’s 50 day moving average price is $12.05 and its two-hundred day moving average price is $12.86. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

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 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 for the quarter, compared to analysts’ expectations of $3.17 billion. On average, analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current 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.