Nu Holdings Ltd. (NYSE:NU) Stake Lifted by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 2,069.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,192 shares of the company’s stock after buying an additional 68,865 shares during the quarter. GAMMA Investing LLC’s holdings in NU were worth $7,050,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of NU in the fourth quarter worth $447,762,000. Arrowstreet Capital Limited Partnership grew its stake in shares of NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock worth $187,611,000 after purchasing an additional 17,319,681 shares in the last quarter. D1 Capital Partners L.P. bought a new position in shares of NU in the fourth quarter worth $154,209,000. Baillie Gifford & Co. grew its stake in shares of NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new position in shares of NU in the fourth quarter worth $92,194,000. 84.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NU shares. Susquehanna increased their price target on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Barclays upped their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

NU Trading Up 0.2%

Shares of NYSE NU opened at $12.14 on Monday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a market cap of $58.50 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 0.48 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $11.74 and a 200-day simple moving average of $11.76.

NU (NYSE:NU) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the company earned $0.09 earnings per share. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Company 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.