Nu Holdings Ltd. (NYSE:NU) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,690,146 shares of the company’s stock after acquiring an additional 57,652 shares during the quarter. Driehaus Capital Management LLC owned 0.06% of NU worth $27,870,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Piscataqua Savings Bank raised its holdings 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 buying an additional 2,500 shares during the last quarter. TD Waterhouse Canada Inc. lifted 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 acquiring an additional 3,215 shares during the period. Campbell Capital Management Inc. purchased a new stake in NU during the 4th quarter valued at about $52,000. Whipplewood Advisors LLC acquired a new position in shares of NU in the fourth quarter valued at about $62,000. Finally, Ethos Financial Group LLC purchased a new position in shares of NU in the fourth quarter worth about $82,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 3.7 %

Shares of NU stock opened at $12.82 on Friday. The stock has a 50 day simple moving average of $11.14 and a 200-day simple moving average of $12.15. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a market cap of $61.79 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 0.48 and a beta of 1.11. 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 (NYSE:NU) last announced its 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 business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NU has been the topic of several research reports. UBS Group cut their price target on shares of 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. 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 report on Tuesday, April 8th. Finally, Barclays increased their price target on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” 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.