Nu Holdings Ltd. (NYSE:NU) Holdings Boosted by Ribbit Management Company LLC

Ribbit Management Company LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 22.1% in the fourth quarter, Holdings Channel reports. The firm owned 25,243,753 shares of the company’s stock after buying an additional 4,575,000 shares during the period. NU accounts for about 29.6% of Ribbit Management Company LLC’s investment portfolio, making the stock its largest position. Ribbit Management Company LLC’s holdings in NU were worth $261,525,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Piscataqua Savings Bank raised its position in shares of NU by 500.0% in the fourth 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 last quarter. TD Waterhouse Canada Inc. grew its stake in NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after acquiring an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. acquired a new stake in NU in the 4th quarter valued at about $52,000. Cliffwater LLC purchased a new position in NU in the 4th quarter worth approximately $57,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of NU during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

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

NU Stock Up 2.7%

Shares of NYSE:NU opened at $13.49 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $65.00 billion, a P/E ratio of 33.73, a P/E/G ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The firm has a fifty day moving average price of $11.34 and a 200 day moving average price of $12.10.

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