Arlington Capital Management Inc. Purchases New Position in Nu Holdings Ltd. (NYSE:NU)

Arlington Capital Management Inc. acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 24,042 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NU. Thrivent Financial for Lutherans boosted its position in 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. PNC Financial Services Group Inc. boosted its holdings in shares of NU by 7.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 191,642 shares of the company’s stock worth $2,616,000 after acquiring an additional 13,653 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in NU during the 3rd quarter worth approximately $164,000. Intech Investment Management LLC raised its position in NU by 5.1% in the 3rd quarter. Intech Investment Management LLC now owns 114,577 shares of the company’s stock valued at $1,564,000 after purchasing an additional 5,537 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in NU in the third quarter worth $5,626,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

Shares of NU opened at $11.39 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market cap of $54.28 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The stock’s 50-day moving average price is $12.08 and its two-hundred day moving average price is $12.81. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NU. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Barclays lowered their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.47.

About NU

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.