Moore Capital Management LP Takes Position in Nu Holdings Ltd. (NYSE:NU)

Moore Capital Management LP bought a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 186,000 shares of the company's stock, valued at approximately $1,927,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NU. OneAscent Wealth Management LLC lifted its stake in shares of NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock worth $129,000 after acquiring an additional 760 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock valued at $716,000 after purchasing an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. lifted its stake in shares of NU by 2.0% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock valued at $579,000 after purchasing an additional 1,000 shares during the period. Blue Trust Inc. lifted its stake in shares of NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after purchasing an additional 1,011 shares during the period. Finally, Quarry LP lifted its stake in shares of NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock valued at $94,000 after purchasing an additional 1,205 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NU traded down $0.09 during midday trading on Friday, reaching $13.04. 40,453,732 shares of the company's stock were exchanged, compared to its average volume of 42,591,264. 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 stock has a market capitalization of $62.83 billion, a PE ratio of 32.60, a P/E/G ratio of 0.48 and a beta of 1.11. The business's 50-day moving average price is $11.40 and its 200 day moving average price is $12.08. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

NU (NYSE:NU - Get Free Report) last announced 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 quarter in the previous year, the firm posted $0.09 EPS. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on NU shares. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group reduced their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Barclays raised their price objective on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Susquehanna raised their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday. One investment 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, the company has an average rating of "Moderate Buy" and a consensus target price of $15.13.

NU 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.