Paradice Investment Management LLC Raises Stock Position in Nu Holdings Ltd. (NYSE:NU)

Paradice Investment Management LLC lifted its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 51.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,009,752 shares of the company's stock after buying an additional 343,478 shares during the period. NU comprises 1.1% of Paradice Investment Management LLC's holdings, making the stock its 28th largest holding. Paradice Investment Management LLC's holdings in NU were worth $8,411,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC raised its stake in shares of NU by 160.9% in the fourth quarter. Jennison Associates LLC now owns 65,813,072 shares of the company's stock valued at $548,223,000 after acquiring an additional 40,584,189 shares during the period. WCM Investment Management LLC purchased a new position in shares of NU during the fourth quarter valued at approximately $66,541,000. AlpInvest Partners B.V. boosted its position in shares of NU by 180.0% during the third quarter. AlpInvest Partners B.V. now owns 9,646,318 shares of the company's stock valued at $69,936,000 after buying an additional 6,201,124 shares during the period. Advent International L.P. raised its holdings in shares of NU by 28.6% in the third quarter. Advent International L.P. now owns 23,774,907 shares of the company's stock worth $172,368,000 after buying an additional 5,283,562 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in shares of NU by 6.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 75,703,469 shares of the company's stock worth $548,850,000 after acquiring an additional 4,672,092 shares during the last quarter. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 0.4 %

Shares of NYSE:NU traded down $0.05 during trading hours on Friday, hitting $11.66. The company's stock had a trading volume of 28,184,717 shares, compared to its average volume of 23,264,204. The firm's fifty day moving average price is $11.54 and its 200 day moving average price is $9.91. Nu Holdings Ltd. has a 52 week low of $6.02 and a 52 week high of $12.49. The company has a market capitalization of $54.74 billion, a price-to-earnings ratio of 44.85, a P/E/G ratio of 0.57 and a beta of 1.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.38.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). NU had a return on equity of 22.94% and a net margin of 13.86%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the firm earned $0.03 EPS. As a group, research analysts expect that Nu Holdings Ltd. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NU shares. UBS Group increased their target price on NU from $10.50 to $11.50 and gave the stock a "buy" rating in a research note on Monday, January 29th. Susquehanna lifted their price objective on shares of NU from $12.00 to $14.00 and gave the company a "positive" rating in a report on Wednesday. TheStreet upgraded shares of NU from a "c+" rating to a "b" rating in a research note on Friday, March 8th. Finally, KeyCorp lifted their price target on shares of NU from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $10.74.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.