Kera Capital Partners Inc. Acquires Shares of 496,636 Nu Holdings Ltd. (NYSE:NU)

Kera Capital Partners Inc. acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 496,636 shares of the company's stock, valued at approximately $5,086,000. NU comprises 1.5% of Kera Capital Partners Inc.'s holdings, making the stock its 19th biggest holding.

Several other hedge funds have also added to or reduced their stakes in NU. Norges Bank bought a new position in shares of NU during the fourth quarter valued at $447,762,000. Arrowstreet Capital Limited Partnership raised its position in NU by 2,193.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock worth $187,611,000 after buying an additional 17,319,681 shares during the last quarter. D1 Capital Partners L.P. bought a new position in NU during the 4th quarter valued at about $154,209,000. Baillie Gifford & Co. lifted its stake in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of NU during the 4th quarter valued at about $92,194,000. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NU shares. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group lowered 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. Susquehanna lifted their price objective on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Finally, Barclays increased their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

NU Price Performance

NYSE:NU traded up $0.02 during trading hours on Friday, reaching $12.01. The stock had a trading volume of 64,390,394 shares, compared to its average volume of 43,916,228. The stock has a market capitalization of $57.87 billion, a PE ratio of 30.03, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a 50 day moving average price of $11.60 and a two-hundred day moving average price of $11.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

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

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.