Ulysses Management LLC Acquires Shares of 35,000 Nu Holdings Ltd. (NYSE:NU)

Ulysses Management LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 35,000 shares of the company's stock, valued at approximately $363,000.

Several other institutional investors also recently bought and sold shares of the company. Piscataqua Savings Bank boosted its position in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after purchasing an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. boosted 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 worth $51,000 after purchasing an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of NU in the 4th quarter worth about $52,000. Cliffwater LLC purchased a new stake in shares of NU in the 4th quarter worth about $57,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of NU in the 4th quarter worth about $62,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 0.3%

NYSE NU opened at $13.09 on Tuesday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a 50-day moving average of $11.49 and a 200-day moving average of $12.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $63.08 billion, a P/E ratio of 32.73, a P/E/G ratio of 0.48 and a beta of 1.11.

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

Analysts Set New Price Targets

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

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