Jericho Capital Asset Management L.P. Acquires New Holdings in Nu Holdings Ltd. (NYSE:NU)

Jericho Capital Asset Management L.P. purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,899,000 shares of the company’s stock, valued at approximately $92,194,000. NU comprises about 1.3% of Jericho Capital Asset Management L.P.’s holdings, making the stock its 25th biggest position. Jericho Capital Asset Management L.P. owned about 0.19% of NU at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NU. Barclays PLC increased its position in shares of NU by 55.7% during the third quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock worth $13,718,000 after purchasing an additional 359,733 shares in the last quarter. Advisory Resource Group acquired a new position in NU during the 3rd quarter valued at about $979,000. Morse Asset Management Inc boosted its holdings in NU by 71.1% in the third quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock worth $802,000 after acquiring an additional 24,436 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NU during the third quarter worth about $148,000. Finally, Blankinship & Foster LLC acquired a new position in shares of NU during the third quarter valued at about $3,212,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NU shares. Barclays boosted 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. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus price target of $15.47.

NU Trading Up 1.1 %

Shares of NU stock opened at $12.14 on Tuesday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. 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 cap of $57.86 billion, a P/E ratio of 30.35, a P/E/G ratio of 0.48 and a beta of 1.14. The stock’s 50 day simple moving average is $10.96 and its 200-day simple moving average is $12.22.

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

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.