Nu Holdings Ltd. (NYSE:NU) is Parametrica Management Ltd’s 5th Largest Position

Parametrica Management Ltd lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,363 shares of the company’s stock after selling 30,900 shares during the quarter. NU comprises approximately 4.5% of Parametrica Management Ltd’s portfolio, making the stock its 5th biggest position. Parametrica Management Ltd’s holdings in NU were worth $3,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in shares of NU by 45.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,163 shares of the company’s stock worth $303,000 after purchasing an additional 6,891 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of NU by 13.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,089 shares of the company’s stock worth $315,000 after purchasing an additional 2,695 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of NU by 14.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 17,064 shares of the company’s stock worth $233,000 after purchasing an additional 2,099 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of NU in the 3rd quarter worth about $814,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of NU by 83.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,839,210 shares of the company’s stock worth $188,905,000 after purchasing an additional 6,313,657 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Trading Down 0.7 %

Shares of NYSE NU traded down $0.11 during trading hours on Wednesday, hitting $15.73. 7,196,317 shares of the company traded hands, compared to its average volume of 31,773,541. The stock has a market capitalization of $74.97 billion, a price-to-earnings ratio of 51.06, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average price is $14.43 and its 200 day moving average price is $13.15. Nu Holdings Ltd. has a 12 month low of $7.74 and a 12 month high of $16.15.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter last year, the firm posted $0.05 earnings per share. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on NU. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Susquehanna restated a “positive” rating and set a $16.00 price target on shares of NU in a research note on Thursday, August 15th. JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, Barclays lifted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.21.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.