61,388 Shares in Nu Holdings Ltd. (NYSE:NU) Acquired by Teza Capital Management LLC

Teza Capital Management LLC acquired a new position in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, Holdings Channel reports. The firm acquired 61,388 shares of the company’s stock, valued at approximately $636,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft boosted its stake in shares of NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after buying an additional 58,183 shares during the period. Baillie Gifford & Co. boosted 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 valued at $2,330,786,000 after buying an additional 14,875,891 shares during the period. Barclays PLC boosted its stake in shares of NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after buying an additional 359,733 shares during the period. Artemis Investment Management LLP boosted its stake in shares of NU by 73.3% during the 4th quarter. Artemis Investment Management LLP now owns 571,753 shares of the company’s stock valued at $5,923,000 after buying an additional 241,907 shares during the period. Finally, KBC Group NV boosted its stake in shares of NU by 314.8% during the 4th quarter. KBC Group NV now owns 633,708 shares of the company’s stock valued at $6,565,000 after buying an additional 480,922 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NU. UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Barclays lifted their target price on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Susquehanna lifted their target price on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus price target of $15.13.

NU Stock Up 0.3%

NU stock opened at $13.09 on Tuesday. The company has a market capitalization of $63.08 billion, a P/E ratio of 32.73, a P/E/G ratio of 0.48 and a beta of 1.11. The firm’s fifty day simple moving average is $11.49 and its 200-day simple moving average is $12.01. 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 1-year low of $9.01 and a 1-year high of $16.15.

NU (NYSE:NU) last released its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same period in the prior year, the firm earned $0.09 EPS. Sell-side 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.