Driehaus Capital Management LLC Raises Stake in Nu Holdings Ltd. (NYSE:NU)

Driehaus Capital Management LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,690,146 shares of the company’s stock after buying an additional 57,652 shares during the quarter. Driehaus Capital Management LLC’s holdings in NU were worth $27,870,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Baader Bank Aktiengesellschaft raised its position in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after acquiring an additional 58,183 shares during the last quarter. Baillie Gifford & Co. raised its holdings in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Barclays PLC boosted its stake in NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after acquiring an additional 359,733 shares during the last quarter. Carnegie Investment Counsel grew its holdings in NU by 5.4% during the 4th quarter. Carnegie Investment Counsel now owns 1,347,980 shares of the company’s stock worth $13,965,000 after acquiring an additional 68,850 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of NU by 73.3% in the 4th quarter. Artemis Investment Management LLP now owns 571,753 shares of the company’s stock valued at $5,923,000 after purchasing an additional 241,907 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Up 3.7 %

NU opened at $12.82 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The stock’s 50 day moving average price is $11.14 and its 200 day moving average price is $12.15. The stock has a market cap of $61.79 billion, a P/E ratio of 32.06, a P/E/G ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

NU has been the subject of several research analyst reports. Barclays boosted their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, April 25th. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.47.

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.