Trexquant Investment LP Purchases Shares of 1,188,472 Nu Holdings Ltd. (NYSE:NU)

Trexquant Investment LP bought a new stake in Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,188,472 shares of the company’s stock, valued at approximately $12,313,000.

A number of other large investors have also recently bought and sold shares of NU. Piscataqua Savings Bank lifted its stake in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the period. Campbell Capital Management Inc. acquired a new position in shares of NU in the fourth quarter worth about $52,000. Whipplewood Advisors LLC purchased a new stake in shares of NU during the 4th quarter worth about $62,000. Ethos Financial Group LLC acquired a new stake in shares of NU during the 4th quarter valued at about $82,000. Finally, Quarry LP increased its stake in shares of NU by 104.8% in the 3rd quarter. Quarry LP now owns 7,890 shares of the company’s stock valued at $108,000 after purchasing an additional 4,037 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, Barclays dropped their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.47.

NU Stock Up 1.4 %

Shares of NYSE:NU opened at $10.58 on Thursday. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15. The stock has a market cap of $50.42 billion, a P/E ratio of 26.45, a PEG ratio of 0.48 and a beta of 1.14. The business has a fifty day moving average of $11.96 and a two-hundred day moving average of $12.67. 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 (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during 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%. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.