Nu Holdings Ltd. (NYSE:NU) Shares Bought by Princeton Capital Management LLC

Princeton Capital Management LLC lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 242.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,702 shares of the company’s stock after purchasing an additional 34,479 shares during the period. Princeton Capital Management LLC’s holdings in NU were worth $505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Piscataqua Savings Bank increased its holdings in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. acquired a new position in shares of NU in the 4th quarter worth $52,000. Whipplewood Advisors LLC acquired a new stake in shares of NU during the fourth quarter worth $62,000. Ethos Financial Group LLC purchased a new stake in shares of NU during the fourth quarter valued at $82,000. Finally, Quarry LP boosted its position 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 during the period. 84.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NU. JPMorgan Chase & Co. cut their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Barclays lowered their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. UBS Group dropped their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One investment 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.47.

NU Price Performance

Shares of NU stock opened at $11.71 on Tuesday. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market cap of $55.79 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The firm’s 50-day simple moving average is $12.07 and its 200-day simple moving average is $12.83.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting 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 return on equity of 30.99% and a net margin of 17.12%. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.