Parametrica Management Ltd Purchases 84,050 Shares of Nu Holdings Ltd. (NYSE:NU)

Parametrica Management Ltd boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,413 shares of the company's stock after buying an additional 84,050 shares during the period. NU comprises 5.0% of Parametrica Management Ltd's portfolio, making the stock its 4th largest holding. Parametrica Management Ltd's holdings in NU were worth $3,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. Piscataqua Savings Bank raised its stake in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after acquiring an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. acquired a new stake in shares of NU during the 4th quarter worth about $52,000. Whipplewood Advisors LLC bought a new position in NU during the 4th quarter valued at about $62,000. Ethos Financial Group LLC acquired a new position in NU in the fourth quarter valued at about $82,000. Finally, Quarry LP grew its stake in NU by 104.8% during the third quarter. Quarry LP now owns 7,890 shares of the company's stock worth $108,000 after buying an additional 4,037 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

NU Trading Down 6.8 %

Shares of NYSE:NU traded down $0.76 during trading on Friday, hitting $10.34. 73,969,363 shares of the company's stock were exchanged, compared to its average volume of 37,673,791. The firm has a 50-day moving average price of $12.04 and a two-hundred day moving average price of $12.76. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The firm has a market cap of $49.26 billion, a P/E ratio of 25.84, a PEG ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays reduced their target price on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their price objective on NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. Citigroup lowered NU from a "neutral" rating to a "sell" rating and lowered their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One equities 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 company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.