Victory Capital Management Inc. Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

Victory Capital Management Inc. raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,048,384 shares of the company’s stock after buying an additional 35,905 shares during the period. Victory Capital Management Inc.’s holdings in NU were worth $10,861,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Piscataqua Savings Bank increased its stake in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares during the period. Whipplewood Advisors LLC purchased a new position in NU in the 4th quarter worth about $62,000. 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. Finally, SteelPeak Wealth LLC bought a new position in NU in the 4th quarter worth about $105,000. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 1.5 %

Shares of NYSE NU opened at $10.73 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $51.13 billion, a PE ratio of 26.82, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The stock has a fifty day simple moving average of $11.99 and a 200-day simple moving average of $13.00.

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

Analyst Ratings Changes

NU has been the topic of several research reports. Citigroup lowered NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group boosted their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Barclays dropped their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.