Whitford Management LLC Takes $142,000 Position in Nu Holdings Ltd. (NYSE:NU)

Whitford Management LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,680 shares of the company’s stock, valued at approximately $142,000. NU accounts for 0.0% of Whitford Management LLC’s investment portfolio, making the stock its 20th largest position.

Several other large investors also recently modified their holdings of the business. Norges Bank bought a new position in shares of NU during the fourth quarter valued at approximately $447,762,000. Arrowstreet Capital Limited Partnership boosted its holdings in NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock valued at $187,611,000 after acquiring an additional 17,319,681 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in NU during the 4th quarter valued at $154,209,000. Baillie Gifford & Co. raised its holdings in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new position in NU in the 4th quarter worth $92,194,000. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

NU stock opened at $13.09 on Tuesday. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. 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 capitalization of $63.08 billion, a P/E ratio of 32.73, a PEG ratio of 0.48 and a beta of 1.11. The stock’s 50 day moving average is $11.49 and its 200 day moving average is $12.01.

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). NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the company posted $0.09 earnings per share. On average, equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NU shares. Susquehanna boosted their price target 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. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Barclays lifted their price target on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.13.

NU Company 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.