Bayesian Capital Management LP Acquires Shares of 243,000 Nu Holdings Ltd. (NYSE:NU)

Bayesian Capital Management LP acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 243,000 shares of the company's stock, valued at approximately $2,517,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares during the last quarter. Norges Bank acquired a new stake in shares of NU in the fourth quarter valued at $447,762,000. Geode Capital Management LLC raised its holdings in shares of NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after buying an additional 1,179,748 shares during the period. Northern Trust Corp lifted its stake in NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after acquiring an additional 7,930,598 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. boosted its holdings in NU by 14.9% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock valued at $218,700,000 after acquiring an additional 2,741,700 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group cut their target price 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, Barclays raised their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.47.

NU Stock Down 0.5 %

NYSE:NU traded down $0.07 during trading hours on Wednesday, hitting $12.38. The company's stock had a trading volume of 48,429,873 shares, compared to its average volume of 41,625,429. The stock has a market capitalization of $59.63 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. 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 fifty day moving average of $11.07 and a 200-day moving average of $12.16. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, equities analysts forecast 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.