Ensign Peak Advisors Inc Invests $2.85 Million in Nu Holdings Ltd. (NYSE:NU)

Ensign Peak Advisors Inc bought a new position in Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 275,250 shares of the company’s stock, valued at approximately $2,852,000.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in NU during the fourth quarter valued at $447,762,000. Arrowstreet Capital Limited Partnership raised its stake in NU by 2,193.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock valued at $187,611,000 after purchasing an additional 17,319,681 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in NU during the fourth quarter valued at $154,209,000. Baillie Gifford & Co. raised its stake in NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new stake in NU during the fourth quarter valued at $92,194,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Down 2.7%

NYSE NU opened at $13.12 on Friday. The company’s 50-day moving average price is $11.40 and its 200-day moving average price is $12.08. 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 $63.22 billion, a PE ratio of 32.80, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter in the previous year, the company posted $0.09 earnings per share. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NU has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group cut their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Wednesday. Finally, Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.13.

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.