Tennessee Valley Asset Management Partners Buys New Shares in Nu Holdings Ltd. (NYSE:NU)

Tennessee Valley Asset Management Partners bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,285 shares of the company’s stock, valued at approximately $52,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sapient Capital LLC bought a new position in NU during the fourth quarter worth about $99,000. Americana Partners LLC bought a new position in shares of NU in the fourth quarter valued at approximately $119,000. Pinkerton Retirement Specialists LLC raised its stake in shares of NU by 31.9% in the fourth quarter. Pinkerton Retirement Specialists LLC now owns 16,090 shares of the company’s stock valued at $134,000 after acquiring an additional 3,894 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in shares of NU by 6.2% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 29,649 shares of the company’s stock valued at $246,000 after acquiring an additional 1,744 shares during the last quarter. Finally, UMB Bank n.a. bought a new position in shares of NU in the fourth quarter valued at approximately $55,000. Institutional investors own 80.90% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $10.91 on Wednesday. The firm has a 50 day simple moving average of $11.30 and a 200 day simple moving average of $9.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.31. Nu Holdings Ltd. has a fifty-two week low of $4.85 and a fifty-two week high of $12.39. The firm has a market cap of $51.20 billion, a P/E ratio of 51.93, a P/E/G ratio of 0.51 and a beta of 1.08.

NU (NYSE:NU) last released its earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm posted $0.03 EPS. Sell-side analysts predict that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their target price on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Susquehanna lifted their target price on shares of NU from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Finally, UBS Group lifted their target price on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a research note on Monday, January 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

NU Company Profile

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.