Balyasny Asset Management L.P. Acquires New Shares in Nu Holdings Ltd. (NYSE:NU)

Balyasny Asset Management L.P. bought a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 37,369 shares of the company's stock, valued at approximately $387,000.

Several other hedge funds have also bought and sold shares of NU. Baird Financial Group Inc. acquired a new stake in shares of NU in the fourth quarter valued at approximately $111,000. Bayesian Capital Management LP acquired a new stake in NU during the 4th quarter valued at $2,517,000. Ameriprise Financial Inc. boosted its position in NU by 7.2% during the fourth quarter. Ameriprise Financial Inc. now owns 7,480,461 shares of the company's stock worth $77,498,000 after purchasing an additional 504,885 shares during the period. Advanced Portfolio Management LLC acquired a new position in shares of NU in the fourth quarter valued at $2,849,000. Finally, AlTi Global Inc. acquired a new stake in shares of NU during the 4th quarter worth about $123,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NYSE NU traded down $0.36 during midday trading on Tuesday, hitting $12.74. The company had a trading volume of 50,286,108 shares, compared to its average volume of 42,635,525. The firm has a 50-day moving average price of $11.49 and a 200-day moving average price of $12.01. The company has a market capitalization of $61.39 billion, a PE ratio of 31.85, a P/E/G 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. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same period last year, the firm earned $0.09 EPS. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research reports. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. 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 report on Tuesday, April 8th. Finally, Susquehanna upped their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.13.

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.