Jericho Capital Asset Management L.P. Takes $92.19 Million Position in Nu Holdings Ltd. (NYSE:NU)

Jericho Capital Asset Management L.P. purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, Holdings Channel.com reports. The firm purchased 8,899,000 shares of the company’s stock, valued at approximately $92,194,000. NU comprises approximately 1.3% of Jericho Capital Asset Management L.P.’s investment portfolio, making the stock its 25th biggest position.

Other large investors also recently bought and sold shares of the company. OneAscent Wealth Management LLC boosted its stake in shares of NU by 6.5% during the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock worth $129,000 after acquiring an additional 760 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in NU by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after acquiring an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. increased its holdings in NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after acquiring an additional 1,000 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock valued at $226,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Quarry LP increased its stake in shares of NU by 15.3% during the 4th quarter. Quarry LP now owns 9,095 shares of the company’s stock worth $94,000 after purchasing an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays boosted their price target on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, UBS Group cut their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.47.

NU Stock Up 1.1 %

Shares of NU stock opened at $12.14 on Tuesday. The company has a fifty day moving average price of $10.96 and a 200 day moving average price of $12.22. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The stock has a market cap of $57.86 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting 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. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal 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.