Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 52.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,055 shares of the company’s stock after acquiring an additional 31,393 shares during the period. Aigen Investment Management LP’s holdings in NU were worth $943,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Piscataqua Savings Bank raised its position in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of NU during the 4th quarter valued at approximately $62,000. Huntington National Bank raised its position in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of NU during the 4th quarter valued at approximately $93,000. Finally, SteelPeak Wealth LLC acquired a new stake in shares of NU during the 4th quarter valued at approximately $105,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NU has been the subject of a number of recent research reports. UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group upped their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, NU currently has an average rating of “Hold” and a consensus price target of $15.47.

NU Price Performance

Shares of NYSE:NU opened at $10.84 on Thursday. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The stock has a market cap of $51.64 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 0.48 and a beta of 1.10. The stock’s 50 day moving average price is $11.96 and its 200 day moving average price is $13.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU) last announced 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. 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. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal 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.