Sapient Capital LLC Takes Position in Nu Holdings Ltd. (NYSE:NU)

Sapient Capital LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,888 shares of the company’s stock, valued at approximately $99,000.

Several other institutional investors also recently bought and sold shares of the stock. Huntington National Bank grew its position in shares of NU by 1,232.5% during the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after acquiring an additional 3,833 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in shares of NU in the fourth quarter valued at approximately $52,000. UMB Bank n.a. acquired a new position in shares of NU during the 4th quarter worth approximately $55,000. PNC Financial Services Group Inc. lifted its position in shares of NU by 37.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock valued at $60,000 after buying an additional 2,258 shares in the last quarter. Finally, ProVise Management Group LLC acquired a new stake in NU in the 3rd quarter valued at $74,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NU opened at $12.00 on Thursday. Nu Holdings Ltd. has a 52-week low of $5.73 and a 52-week high of $12.39. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $11.47 and a two-hundred day simple moving average of $9.73. The company has a market capitalization of $56.31 billion, a PE ratio of 57.12, a price-to-earnings-growth ratio of 0.57 and a beta of 1.11.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the business posted $0.03 earnings per share. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group increased their price objective on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. TheStreet raised NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. KeyCorp lifted their target price on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Susquehanna increased their target price on shares of NU from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.00.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.