OLD Mission Capital LLC Invests $662,000 in Nu Holdings Ltd. (NYSE:NU)

OLD Mission Capital LLC bought a new position in Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 63,876 shares of the company’s stock, valued at approximately $662,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NU. Baader Bank Aktiengesellschaft increased 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 purchasing an additional 58,183 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings 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 valued at $17,819,000 after buying an additional 76,009 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in NU in the third quarter worth approximately $69,022,000. Baillie Gifford & Co. boosted its stake in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of NU by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock valued at $74,288,000 after acquiring an additional 271,903 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Down 6.8 %

NU stock opened at $9.57 on Friday. The company 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 business has a 50 day simple moving average of $11.87 and a two-hundred day simple moving average of $12.62.

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

Analyst Ratings Changes

NU has been the topic of a number of recent research reports. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, Barclays reduced their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, NU currently has an average rating of “Hold” and an average price target 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.