Aquatic Capital Management LLC Makes New $23.98 Million Investment in Nu Holdings Ltd. (NYSE:NU)

Aquatic Capital Management LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,314,548 shares of the company's stock, valued at approximately $23,979,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in NU during the 4th quarter valued at approximately $447,762,000. Arrowstreet Capital Limited Partnership boosted its holdings in NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock valued at $187,611,000 after purchasing an additional 17,319,681 shares during the last quarter. D1 Capital Partners L.P. purchased a new stake in NU in the fourth quarter valued at $154,209,000. Baillie Gifford & Co. boosted its stake in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of NU by 122.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company's stock worth $165,850,000 after acquiring an additional 8,806,495 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Down 0.0 %

NYSE NU traded down $0.01 during trading on Thursday, reaching $12.43. 20,811,395 shares of the company's stock were exchanged, compared to its average volume of 41,133,837. The stock has a market cap of $59.87 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. 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 company has a 50 day moving average price of $10.97 and a two-hundred day moving average price of $12.23. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $3.17 billion. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group cut 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. Finally, Barclays raised their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.47.

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.