Virtu Financial LLC Purchases 353,914 Shares of Nu Holdings Ltd. (NYSE:NU)

Virtu Financial LLC raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 1,081.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 386,645 shares of the company’s stock after acquiring an additional 353,914 shares during the quarter. Virtu Financial LLC’s holdings in NU were worth $4,006,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NU. Piscataqua Savings Bank boosted its position in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. bought a new stake in shares of NU in the 4th quarter worth approximately $52,000. Whipplewood Advisors LLC bought a new stake in shares of NU in the 4th quarter worth approximately $62,000. Ethos Financial Group LLC bought a new stake in shares of NU in the 4th quarter worth approximately $82,000. Finally, Quarry LP boosted its position in shares of NU by 104.8% in the 3rd quarter. Quarry LP now owns 7,890 shares of the company’s stock worth $108,000 after purchasing an additional 4,037 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Price Performance

Shares of NU opened at $11.62 on Friday. The firm has a market cap of $55.36 billion, a PE ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14. 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 firm has a fifty day simple moving average of $12.05 and a two-hundred day simple moving average of $12.87. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion during 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 analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on NU. Citigroup cut NU from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. decreased their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Barclays decreased their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.