310,517 Shares in Nu Holdings Ltd. (NYSE:NU) Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new stake in Nu Holdings Ltd. (NYSE:NUFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 310,517 shares of the company’s stock, valued at approximately $2,587,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James & Associates grew its position in shares of NU by 10.8% in the 1st quarter. Raymond James & Associates now owns 66,126 shares of the company’s stock valued at $510,000 after buying an additional 6,422 shares during the last quarter. HighTower Advisors LLC acquired a new position in NU during the 1st quarter worth approximately $265,000. Cetera Investment Advisers purchased a new stake in shares of NU in the first quarter worth approximately $100,000. XTX Topco Ltd purchased a new stake in shares of NU in the first quarter worth approximately $78,000. Finally, First Trust Advisors LP purchased a new stake in shares of NU in the first quarter worth approximately $12,675,000. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 0.5 %

Shares of NYSE NU opened at $12.23 on Wednesday. Nu Holdings Ltd. has a 12 month low of $4.21 and a 12 month high of $12.39. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $57.42 billion, a price-to-earnings ratio of 58.24, a PEG ratio of 0.60 and a beta of 1.07. The business has a 50-day moving average of $10.44 and a 200-day moving average of $8.88.

NU (NYSE:NUGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.39 billion. During the same period in the previous year, the firm posted $0.03 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on NU shares. TheStreet raised NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Susquehanna increased their price objective on NU from $11.00 to $12.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Finally, UBS Group increased their price objective on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.67.

Get Our Latest Research Report on NU

NU Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for NU (NYSE:NU)

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