Parametrica Management Ltd Purchases 84,050 Shares of Nu Holdings Ltd. (NYSE:NU)

Parametrica Management Ltd boosted its position in Nu Holdings Ltd. (NYSE:NU) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 362,413 shares of the company’s stock after purchasing an additional 84,050 shares during the quarter. NU comprises approximately 5.0% of Parametrica Management Ltd’s investment portfolio, making the stock its 4th largest position. Parametrica Management Ltd’s holdings in NU were worth $3,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC raised its holdings in NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after acquiring an additional 743 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after purchasing an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after purchasing an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its position in NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after buying an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in NU by 4.9% during the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after buying an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NU. UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Barclays lowered their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.47.

NU Price Performance

Shares of NU opened at $11.39 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $12.08 and its 200-day simple moving average is $12.81. The firm has a market capitalization of $54.28 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

About NU

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.