J. Goldman & Co LP Invests $290,000 in Nu Holdings Ltd. (NYSE:NU)

J. Goldman & Co LP acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,004 shares of the company's stock, valued at approximately $290,000.

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new stake in NU during the fourth quarter worth $447,762,000. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 acquiring an additional 17,319,681 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of NU in the fourth quarter valued at about $154,209,000. Baillie Gifford & Co. lifted its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new position in NU during the fourth quarter worth about $92,194,000. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Performance

Shares of NU stock traded down $0.09 during trading hours on Friday, reaching $13.04. The company had a trading volume of 40,453,732 shares, compared to its average volume of 42,545,927. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The firm has a market cap of $62.83 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The business has a fifty day simple moving average of $11.40 and a 200 day simple moving average of $12.08.

NU (NYSE:NU - Get Free Report) last announced its quarterly 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 firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same period in the previous year, the company posted $0.09 earnings per share. On average, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays lifted their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Susquehanna upped their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.13.

NU Company Profile

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.