Duquesne Family Office LLC Acquires Shares of 467,255 Nu Holdings Ltd. (NYSE:NU)

Duquesne Family Office LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 467,255 shares of the company's stock, valued at approximately $4,841,000.

A number of other hedge funds have also made changes to their positions in NU. OneAscent Wealth Management LLC raised its stake in NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock worth $129,000 after acquiring an additional 760 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after purchasing an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock worth $579,000 after purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock worth $226,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Quarry LP grew its stake in NU by 15.3% during the 4th quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after buying an additional 1,205 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Price Performance

NYSE NU traded up $0.04 on Friday, reaching $12.84. 38,660,842 shares of the stock traded hands, compared to its average volume of 41,936,423. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm's fifty day simple moving average is $11.19 and its 200 day simple moving average is $12.12. The company has a market cap of $61.87 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 0.48 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NU shares. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays upped their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, UBS Group cut their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock 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.