Shell Asset Management Co. Buys Shares of 57,628 Nu Holdings Ltd. (NYSE:NU)

Shell Asset Management Co. acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 57,628 shares of the company's stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Piscataqua Savings Bank boosted its holdings in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after buying an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after acquiring an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. acquired a new position in shares of NU in the 4th quarter valued at $52,000. Cliffwater LLC acquired a new position in shares of NU in the fourth quarter worth about $57,000. Finally, Whipplewood Advisors LLC purchased a new position in NU during the 4th quarter worth approximately $62,000. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NU has been the topic of several recent analyst reports. Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Barclays upped 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. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price objective 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. 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 stock. Based on data from MarketBeat.com, NU currently has an average rating of "Moderate Buy" and an average target price of $15.13.

NU Price Performance

NU traded up $0.27 during midday trading on Thursday, hitting $12.26. The company had a trading volume of 57,779,774 shares, compared to its average volume of 43,074,846. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm's 50-day simple moving average is $11.54 and its 200-day simple moving average is $12.02. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The company has a market capitalization of $59.08 billion, a PE ratio of 30.65, a P/E/G ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU - Get Free Report) last released 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 net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the business posted $0.09 earnings per share. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS 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.