Investmentaktiengesellschaft Fuer Langfristige Investoren TGV Purchases 45,000 Shares of Nu Holdings Ltd. (NYSE:NU)

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 45.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 145,000 shares of the company’s stock after acquiring an additional 45,000 shares during the quarter. NU makes up about 0.1% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s portfolio, making the stock its 20th biggest position. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in NU were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Piscataqua Savings Bank boosted its stake in shares of NU by 500.0% during the fourth 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. Huntington National Bank lifted its holdings in NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after buying an additional 2,131 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in NU in the 4th quarter valued at about $93,000. SteelPeak Wealth LLC bought a new position in NU in the 4th quarter worth about $105,000. Finally, Quarry LP increased its position in shares of NU by 104.8% during the third quarter. Quarry LP now owns 7,890 shares of the company’s stock worth $108,000 after acquiring an additional 4,037 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Down 19.2 %

NYSE NU opened at $10.78 on Friday. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15. The company has a 50 day moving average price of $11.92 and a 200 day moving average price of $13.24. 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 firm has a market cap of $51.35 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.

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

Analysts Set New Price Targets

NU has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. KeyCorp increased their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Susquehanna boosted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.80.

About NU

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.