Nu Holdings Ltd. (NYSE:NU) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP increased its stake in Nu Holdings Ltd. (NYSE:NU) by 52.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 91,055 shares of the company’s stock after buying an additional 31,393 shares during the period. Aigen Investment Management LP’s holdings in NU were worth $943,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of NU during the fourth quarter valued at $441,000. Assetmark Inc. lifted its holdings in shares of NU by 18.0% during the fourth quarter. Assetmark Inc. now owns 18,019 shares of the company’s stock valued at $187,000 after purchasing an additional 2,744 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of NU by 33.0% during the fourth quarter. J.Safra Asset Management Corp now owns 69,669 shares of the company’s stock valued at $742,000 after purchasing an additional 17,299 shares during the last quarter. Oak Grove Capital LLC lifted its holdings in shares of NU by 101.0% during the fourth quarter. Oak Grove Capital LLC now owns 473,082 shares of the company’s stock valued at $4,901,000 after purchasing an additional 237,775 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of NU by 3.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,048,384 shares of the company’s stock valued at $10,861,000 after purchasing an additional 35,905 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU stock opened at $10.84 on Thursday. 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 fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock’s 50-day moving average is $11.96 and its two-hundred day moving average is $13.14. The firm has a market cap of $51.64 billion, a P/E ratio of 27.09, a PEG ratio of 0.48 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NU. JPMorgan Chase & Co. reduced their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Barclays reduced their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Finally, Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.47.

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.