GenTrust LLC Purchases New Position in Nu Holdings Ltd. (NYSE:NU)

GenTrust LLC purchased a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,490,294 shares of the company’s stock, valued at approximately $67,239,000. NU makes up 2.9% of GenTrust LLC’s investment portfolio, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Fisher Asset Management LLC purchased a new stake in NU during the 3rd quarter worth approximately $98,704,000. Thrivent Financial for Lutherans increased its stake in NU by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after buying an additional 48,445 shares in the last quarter. Adero Partners LLC increased its stake in NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after buying an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC increased its stake in NU by 20.0% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after buying an additional 50,000 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft increased its stake in NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after buying an additional 58,183 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on NU. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. UBS Group dropped their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Barclays dropped their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and dropped their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, NU has an average rating of “Hold” and a consensus target price of $15.47.

NU Trading Up 2.5 %

NU opened at $11.50 on Thursday. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The stock has a market capitalization of $54.78 billion, a PE ratio of 28.74, a P/E/G ratio of 0.48 and a beta of 1.10. The business’s 50 day moving average price is $11.92 and its 200 day moving average price is $13.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS 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.