Aquatic Capital Management LLC Takes $23.98 Million Position in Nu Holdings Ltd. (NYSE:NU)

Aquatic Capital Management LLC acquired a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,314,548 shares of the company's stock, valued at approximately $23,979,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Piscataqua Savings Bank lifted its holdings in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after buying an additional 2,500 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after buying an additional 3,215 shares during the period. Campbell Capital Management Inc. purchased a new stake in shares of NU in the 4th quarter worth $52,000. Whipplewood Advisors LLC purchased a new stake in shares of NU in the 4th quarter worth $62,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of NU in the 4th quarter worth $82,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on NU. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group reduced their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, Barclays boosted their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, NU presently has a consensus rating of "Moderate Buy" and an average price target of $15.47.

NU Stock Up 2.2 %

NYSE:NU traded up $0.27 during mid-day trading on Tuesday, hitting $12.41. 45,471,729 shares of the company's stock traded hands, compared to its average volume of 41,043,464. The company has a fifty day moving average of $10.94 and a 200 day moving average of $12.22. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The company has a market capitalization of $59.15 billion, a P/E ratio of 31.03, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

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

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.