SRN Advisors LLC Has $1.09 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

SRN Advisors LLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 23.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,157 shares of the company’s stock after buying an additional 20,000 shares during the quarter. SRN Advisors LLC’s holdings in NU were worth $1,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Baillie Gifford & Co. lifted its stake in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after buying an additional 14,875,891 shares during the last quarter. Jennison Associates LLC raised its holdings in NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after acquiring an additional 6,435,526 shares during the period. State Street Corp lifted its position in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares during the last quarter. FMR LLC boosted its holdings in shares of NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after acquiring an additional 8,728,833 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after purchasing an additional 16,638,397 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

NU stock opened at $11.50 on Thursday. The company’s 50-day moving average price is $11.92 and its two-hundred day moving average price is $13.23. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. 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 firm has a market cap of $54.78 billion, a P/E ratio of 28.74, a P/E/G ratio of 0.48 and a beta of 1.10.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. On average, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NU. Susquehanna lifted their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Barclays reduced their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.47.

About NU

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.