Compass Group LLC Acquires 38,518 Shares of Nu Holdings Ltd. (NYSE:NU)

Compass Group LLC grew its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 203.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,457 shares of the company's stock after purchasing an additional 38,518 shares during the period. NU makes up about 3.4% of Compass Group LLC's portfolio, making the stock its 8th biggest position. Compass Group LLC's holdings in NU were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its position in shares of NU by 55.7% during the third quarter. Barclays PLC now owns 1,005,022 shares of the company's stock valued at $13,718,000 after buying an additional 359,733 shares during the period. Advisory Resource Group purchased a new position in NU during the 3rd quarter valued at $979,000. Morse Asset Management Inc increased its stake in NU by 71.1% in the third quarter. Morse Asset Management Inc now owns 58,786 shares of the company's stock worth $802,000 after purchasing an additional 24,436 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of NU during the third quarter worth $148,000. Finally, Blankinship & Foster LLC purchased a new stake in shares of NU during the third quarter valued at $3,212,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Price Performance

NU stock traded down $0.13 during midday trading on Wednesday, reaching $12.28. The stock had a trading volume of 27,753,689 shares, compared to its average volume of 41,001,654. The company's fifty day simple moving average is $10.94 and its 200 day simple moving average is $12.22. 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 $58.53 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. 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. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Barclays upped their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.