Nu Holdings Ltd. $NU Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 88.3% in the third quarter, Holdings Channel.com reports. The firm owned 119,174 shares of the company’s stock after acquiring an additional 55,885 shares during the period. Shell Asset Management Co.’s holdings in NU were worth $1,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Jordan Park Group LLC boosted its position in NU by 129.3% in the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after buying an additional 1,104,421 shares during the last quarter. Quaker Wealth Management LLC increased its position in shares of NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after acquiring an additional 4,341 shares during the last quarter. Allworth Financial LP lifted its stake in shares of NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in NU in the second quarter valued at about $38,000. Finally, FNY Investment Advisers LLC boosted its holdings in NU by 334,100.0% in the second quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock valued at $45,000 after purchasing an additional 3,341 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU stock opened at $16.83 on Friday. The stock’s 50 day simple moving average is $17.14 and its 200 day simple moving average is $15.83. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The firm has a market cap of $81.12 billion, a P/E ratio of 33.01, a P/E/G ratio of 0.55 and a beta of 1.08. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.96 billion. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on NU. UBS Group lifted their price objective on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Susquehanna lifted their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. KeyCorp upped their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.34.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.