AXQ Capital LP Buys New Shares in Nu Holdings Ltd. (NYSE:NU)

AXQ Capital LP purchased a new position in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,093 shares of the company’s stock, valued at approximately $198,000.

Other institutional investors have also recently made changes to their positions in the company. Piscataqua Savings Bank boosted its holdings in 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 buying an additional 2,500 shares during the period. Campbell Capital Management Inc. bought a new position in shares of NU in the fourth quarter worth about $52,000. Whipplewood Advisors LLC purchased a new stake in shares of NU during the fourth quarter worth about $62,000. Ethos Financial Group LLC bought a new stake in NU during the 4th quarter valued at approximately $82,000. Finally, Berbice Capital Management LLC purchased a new position in NU in the 4th quarter worth approximately $93,000. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

NU has been the topic of several recent analyst reports. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Barclays dropped 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, JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NU currently has an average rating of “Hold” and a consensus target price of $15.47.

NU Trading Up 1.0 %

NU opened at $11.71 on Tuesday. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. 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 50-day moving average of $12.07 and a 200 day moving average of $12.83. The firm has a market cap of $55.79 billion, a P/E ratio of 29.26, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, research 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.