Centiva Capital LP Acquires 221,741 Shares of Nu Holdings Ltd. (NYSE:NU)

Centiva Capital LP lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 532.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 263,348 shares of the company's stock after buying an additional 221,741 shares during the quarter. Centiva Capital LP's holdings in NU were worth $2,728,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Piscataqua Savings Bank grew its position in 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 during the last quarter. TD Waterhouse Canada Inc. raised its holdings in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after purchasing an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. acquired a new stake in shares of NU in the 4th quarter worth approximately $52,000. Whipplewood Advisors LLC purchased a new position in NU in the 4th quarter worth approximately $62,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of NU in the 4th quarter worth approximately $82,000. Institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NU opened at $12.47 on Tuesday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. 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 company has a market cap of $60.08 billion, a price-to-earnings ratio of 31.17, a P/E/G ratio of 0.48 and a beta of 1.11. The business's fifty day simple moving average is $11.04 and its two-hundred day simple moving average is $12.16.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. One 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" 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.

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