Mariner LLC Has $18.40 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Mariner LLC grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,775,845 shares of the company’s stock after purchasing an additional 78,090 shares during the period. Mariner LLC’s holdings in NU were worth $18,398,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NU. Piscataqua Savings Bank increased its stake in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares during the period. Campbell Capital Management Inc. purchased a new position in shares of NU during the 4th quarter valued at $52,000. Whipplewood Advisors LLC acquired a new position in shares of NU in the fourth quarter worth $62,000. Ethos Financial Group LLC purchased a new stake in shares of NU during the fourth quarter worth $82,000. Finally, Berbice Capital Management LLC acquired a new stake in NU during the fourth quarter valued at $93,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NU shares. UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Barclays decreased 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, February 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.36.

NU Price Performance

Shares of NU stock opened at $10.82 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $12.35. The stock has a market capitalization of $51.57 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU 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.