Graham Capital Management L.P. Buys 480,147 Shares of Nu Holdings Ltd. (NYSE:NU)

Graham Capital Management L.P. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 1,600.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 510,147 shares of the company's stock after acquiring an additional 480,147 shares during the quarter. Graham Capital Management L.P.'s holdings in NU were worth $5,285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Piscataqua Savings Bank increased its position in NU by 500.0% in 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. grew its position in shares of NU by 190.8% during the fourth 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 during the fourth quarter worth about $52,000. Cliffwater LLC purchased a new stake in shares of NU during the fourth quarter worth about $57,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of NU during the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Up 0.6%

NYSE NU traded up $0.08 on Tuesday, reaching $13.03. 10,595,880 shares of the stock traded hands, compared to its average volume of 41,869,272. 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 company has a fifty day moving average price of $11.23 and a 200-day moving average price of $12.08. The company has a market cap of $62.76 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NU shares. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, UBS Group dropped their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.47.

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.