Cercano Management LLC Purchases 2,052 Shares of Nu Holdings Ltd. (NYSE:NU)

Cercano Management LLC raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,359 shares of the company’s stock after acquiring an additional 2,052 shares during the quarter. Cercano Management LLC’s holdings in NU were worth $252,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Piscataqua Savings Bank boosted its position in shares of NU by 500.0% during 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 in the last quarter. TD Waterhouse Canada Inc. lifted its stake in NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after buying an additional 3,215 shares during the period. Campbell Capital Management Inc. bought a new position in shares of NU during the 4th quarter worth approximately $52,000. Whipplewood Advisors LLC acquired a new stake in shares of NU during the 4th quarter worth approximately $62,000. Finally, Ethos Financial Group LLC bought a new stake in shares of NU in the 4th quarter valued at $82,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Up 0.1 %

NU opened at $12.47 on Tuesday. The firm has a market capitalization of $60.08 billion, a PE ratio of 31.17, a P/E/G ratio of 0.48 and a beta of 1.11. 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 $9.01 and a fifty-two week high of $16.15. The company’s 50-day moving average is $11.04 and its 200 day moving average is $12.16.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates 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. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Barclays raised their target price on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.47.

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.