39,248 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 39,248 shares of the company’s stock, valued at approximately $407,000.

Several other hedge funds have also recently modified their holdings of the stock. LRI Investments LLC lifted its holdings in shares of NU by 3.1% during the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after purchasing an additional 743 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of NU by 1.5% during 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 period. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of NU by 2.0% during 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 period. Finally, Blue Trust Inc. lifted its holdings in shares of NU by 4.9% during 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 period. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NU shares. Citigroup cut NU from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Barclays cut their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.47.

NU Trading Up 1.9 %

Shares of NU stock opened at $11.62 on Monday. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a market cap of $55.36 billion, a P/E ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14. The business has a fifty day simple moving average of $12.05 and a 200-day simple moving average of $12.85. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.