Wexford Capital LP Acquires Shares of 12,626 Nu Holdings Ltd. (NYSE:NU)

Wexford Capital LP acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, Holdings Channel reports. The firm acquired 12,626 shares of the company’s stock, valued at approximately $131,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Piscataqua Savings Bank increased its stake in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares during the period. TD Waterhouse Canada Inc. increased its stake in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after buying an additional 3,215 shares during the period. Campbell Capital Management Inc. purchased a new position in NU in the 4th quarter worth about $52,000. Cliffwater LLC purchased a new position in NU in the 4th quarter worth about $57,000. Finally, Whipplewood Advisors LLC purchased a new position in NU in the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Up 0.3%

NU stock opened at $13.09 on Tuesday. The firm has a 50 day moving average of $11.49 and a 200 day moving average of $12.01. The stock has a market capitalization of $63.08 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15.

NU (NYSE:NU) last released its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter last year, the business earned $0.09 earnings per share. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NU has been the topic of several recent analyst reports. Barclays raised their price target on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. raised 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 report on Tuesday, April 8th. UBS Group cut their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, Susquehanna raised their target price on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Wednesday, May 14th. 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 stock. According to MarketBeat.com, NU has a consensus rating of “Moderate Buy” and an average target price of $15.13.

NU 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.