Shell Asset Management Co. Invests $597,000 in Nu Holdings Ltd. (NYSE:NU)

Shell Asset Management Co. purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 57,628 shares of the company’s stock, valued at approximately $597,000.

A number of other hedge funds also recently modified their holdings of NU. Barclays PLC raised its position in NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after buying an additional 359,733 shares during the last quarter. Park Avenue Securities LLC raised its position in NU by 57.7% in the 4th quarter. Park Avenue Securities LLC now owns 31,682 shares of the company’s stock valued at $328,000 after buying an additional 11,586 shares during the last quarter. Merit Financial Group LLC acquired a new stake in NU in the 4th quarter valued at approximately $159,000. HB Wealth Management LLC raised its position in NU by 11.7% in the 4th quarter. HB Wealth Management LLC now owns 17,668 shares of the company’s stock valued at $183,000 after buying an additional 1,852 shares during the last quarter. Finally, Artemis Investment Management LLP raised its position in 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 buying an additional 241,907 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Down 0.7%

NU stock opened at $13.04 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market cap of $62.83 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The business has a 50 day moving average price of $11.45 and a two-hundred day moving average price of $12.02.

NU (NYSE:NU) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion for 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 period in the previous year, the firm posted $0.09 earnings per share. Analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group decreased their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Susquehanna raised their price target on NU from $14.00 to $15.00 and gave the company a “positive” rating in a research note 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 company. Based on data from MarketBeat.com, the stock presently has an average 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.