Cache Advisors LLC Takes $4.58 Million Position in Nu Holdings Ltd. (NYSE:NU)

Cache Advisors LLC bought a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 441,918 shares of the company's stock, valued at approximately $4,578,000. NU makes up 1.7% of Cache Advisors LLC's investment portfolio, making the stock its 13th largest holding.

A number of other large investors also recently modified their holdings of NU. Norges Bank purchased a new stake in NU in the 4th 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 valued at $187,611,000 after buying an additional 17,319,681 shares during the last quarter. D1 Capital Partners L.P. purchased a new stake in NU in the 4th quarter valued at $154,209,000. Baillie Gifford & Co. raised its position in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after buying an additional 14,875,891 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of NU during the 4th quarter valued at $92,194,000. 84.02% of the stock is currently owned by institutional investors.

NU Stock Performance

Shares of NU stock traded up $0.26 on Wednesday, hitting $12.20. 59,380,098 shares of the stock were exchanged, compared to its average volume of 43,568,799. 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 firm has a market capitalization of $58.79 billion, a PE ratio of 30.50, a P/E/G ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The firm's 50 day moving average is $11.57 and its two-hundred day moving average is $11.92.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NU shares. Susquehanna raised their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Barclays raised their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

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.