Boothbay Fund Management LLC Purchases New Shares in Nu Holdings Ltd. $NU

Boothbay Fund Management LLC purchased a new position in Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 247,623 shares of the company’s stock, valued at approximately $3,964,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of NU in the second quarter valued at $626,569,000. Marshall Wace LLP boosted its stake in shares of NU by 98.4% during the 3rd quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock worth $466,555,000 after purchasing an additional 14,449,834 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in NU by 276.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company’s stock valued at $294,842,000 after purchasing an additional 13,529,278 shares during the last quarter. William Blair Investment Management LLC grew its holdings in NU by 182.9% during the 3rd quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company’s stock valued at $311,385,000 after purchasing an additional 12,574,893 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in NU by 115.4% in the 3rd quarter. Two Sigma Investments LP now owns 15,424,872 shares of the company’s stock worth $246,952,000 after purchasing an additional 8,265,475 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. Susquehanna upped their target price on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price target on shares of NU in a research note on Thursday, December 18th. Finally, Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.22.

NU Price Performance

NU stock opened at $13.88 on Monday. The stock has a market cap of $66.86 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. The firm has a 50-day moving average of $16.71 and a two-hundred day moving average of $16.23.

NU (NYSE:NU) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. On average, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.