Princeton Capital Management LLC Purchases 34,479 Shares of Nu Holdings Ltd. (NYSE:NU)

Princeton Capital Management LLC boosted its position in Nu Holdings Ltd. (NYSE:NU) by 242.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 48,702 shares of the company’s stock after buying an additional 34,479 shares during the quarter. Princeton Capital Management LLC’s holdings in NU were worth $505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC bought a new stake in shares of NU during the third quarter worth approximately $98,704,000. Thrivent Financial for Lutherans raised its position in shares of NU by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after acquiring an additional 48,445 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its stake in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after purchasing an additional 58,183 shares during the period. Summit Partners Public Asset Management LLC boosted its position in shares of NU by 20.0% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in shares of NU by 6.2% during the third quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after purchasing an additional 76,009 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Price Performance

NYSE NU opened at $11.71 on Tuesday. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The firm’s 50 day moving average is $12.07 and its 200-day moving average is $12.83. The company has a market capitalization of $55.79 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the topic of several analyst reports. Citigroup lowered NU from a “neutral” rating to a “sell” rating and cut their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Barclays cut their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NU has a consensus rating of “Hold” and an average price target of $15.47.

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.