Empire Financial Management Company LLC Makes New $607,000 Investment in Nu Holdings Ltd. (NYSE:NU)

Empire Financial Management Company LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,606 shares of the company's stock, valued at approximately $607,000.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in NU by 132.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 58,652 shares of the company's stock valued at $608,000 after acquiring an additional 33,455 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of NU by 375.2% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 131,821 shares of the company's stock valued at $1,380,000 after purchasing an additional 104,080 shares in the last quarter. D1 Capital Partners L.P. bought a new position in shares of NU during the fourth quarter worth about $154,209,000. Dark Forest Capital Management LP grew its stake in NU by 190.8% in the fourth quarter. Dark Forest Capital Management LP now owns 63,937 shares of the company's stock worth $662,000 after purchasing an additional 41,951 shares in the last quarter. Finally, In Depth Partners LLC increased its holdings in NU by 22.8% in the fourth quarter. In Depth Partners LLC now owns 423,218 shares of the company's stock valued at $4,385,000 after buying an additional 78,636 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on NU shares. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday. UBS Group decreased their price objective 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, 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 report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.47.

NU Stock Performance

NU stock traded up $0.24 during mid-day trading on Tuesday, reaching $12.38. The company had a trading volume of 28,012,995 shares, compared to its average volume of 52,181,488. The stock's 50-day simple moving average is $10.96 and its two-hundred day simple moving average is $12.22. The stock has a market capitalization of $58.98 billion, a P/E ratio of 30.94, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting 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 for the quarter, compared to analysts' expectations of $3.17 billion. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.