Cache Advisors LLC Makes New $4.58 Million Investment in Nu Holdings Ltd. (NYSE:NU)

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

Several other hedge funds also recently modified their holdings of NU. Baillie Gifford & Co. raised its position in shares of NU by 7.1% in the fourth 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 in the last quarter. Norges Bank acquired a new position in NU during the fourth quarter valued at approximately $447,762,000. Geode Capital Management LLC grew its stake in shares of NU by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after buying an additional 1,179,748 shares during the last quarter. Northern Trust Corp grew its stake in shares of NU by 45.1% during the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after buying an additional 7,930,598 shares during the last quarter. Finally, Ribbit Management Company LLC grew its stake in shares of NU by 22.1% during the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after buying an additional 4,575,000 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Finally, Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

NU Stock Down 0.3%

NYSE:NU traded down $0.04 during trading hours on Tuesday, reaching $11.95. The company had a trading volume of 40,647,813 shares, compared to its average volume of 43,505,531. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve 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 has a market cap of $57.58 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 0.48 and a beta of 1.11. The business's 50-day simple moving average is $11.55 and its two-hundred day simple 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 analysts' consensus estimates of $0.12 by ($0.01). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same period in the previous year, the firm earned $0.09 earnings per share. On average, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.