Marshall Wace LLP Invests $31.33 Million in Nu Holdings Ltd. (NYSE:NU)

Marshall Wace LLP purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,023,687 shares of the company’s stock, valued at approximately $31,325,000. Marshall Wace LLP owned about 0.06% of NU as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Piscataqua Savings Bank boosted its holdings 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 acquiring an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. acquired a new position in shares of NU in the fourth quarter valued at approximately $52,000. Whipplewood Advisors LLC purchased a new position in NU during the fourth quarter worth about $62,000. Ethos Financial Group LLC acquired a new position in shares of NU in the 4th quarter valued at $82,000. Finally, Berbice Capital Management LLC acquired a new position in NU in the fourth quarter valued at $93,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

NU stock opened at $10.98 on Friday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock’s fifty day moving average is $11.21 and its two-hundred day moving average is $12.31.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the subject of several research reports. UBS Group decreased their price objective 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 dropped their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and cut their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One equities 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. Based on data from MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus price target of $15.36.

NU Company 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.