Numerai GP LLC Invests $136,000 in Nu Holdings Ltd. (NYSE:NU)

Numerai GP LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,121 shares of the company’s stock, valued at approximately $136,000.

A number of other hedge funds also recently made changes to their positions in the stock. OneAscent Wealth Management LLC lifted its holdings in shares of NU by 6.5% during the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock worth $129,000 after acquiring an additional 760 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after purchasing an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its stake in NU by 2.0% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. lifted its stake in NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Quarry LP lifted its stake in NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company’s stock worth $94,000 after purchasing an additional 1,205 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays boosted their price target on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. UBS Group lowered their price objective 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. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Susquehanna upped their price objective on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.13.

NU Price Performance

NU stock opened at $13.04 on Friday. 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 $62.83 billion, a P/E ratio of 32.60, a PEG ratio of 0.48 and a beta of 1.11. The firm has a 50-day moving average of $11.45 and a 200 day moving average of $12.07. 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 released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company earned $0.09 earnings per share. On average, sell-side analysts forecast 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.