NZS Capital LLC Increases Stock Position in Nu Holdings Ltd. (NYSE:NU)

NZS Capital LLC increased its position in Nu Holdings Ltd. (NYSE:NU) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,528,780 shares of the company’s stock after buying an additional 76,595 shares during the quarter. NZS Capital LLC’s holdings in NU were worth $15,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank increased its position in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after purchasing an additional 3,215 shares during the period. Campbell Capital Management Inc. acquired a new stake in NU in the 4th quarter valued at $52,000. Whipplewood Advisors LLC purchased a new position in NU in the fourth quarter valued at about $62,000. Finally, Ethos Financial Group LLC acquired a new position in shares of NU during the fourth quarter worth about $82,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU opened at $12.01 on Friday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $57.24 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 0.48 and a beta of 1.14. The business’s 50 day moving average is $10.98 and its two-hundred day moving average is $12.24.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for 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%. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the topic of several analyst reports. Barclays raised their target price on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.