Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC increased its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 555.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,650 shares of the company's stock after buying an additional 80,199 shares during the period. Townsquare Capital LLC's holdings in NU were worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NU. Norges Bank purchased a new position in NU in the fourth quarter worth $447,762,000. Arrowstreet Capital Limited Partnership increased its position in NU by 2,193.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock valued at $187,611,000 after buying an additional 17,319,681 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of NU by 122.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company's stock valued at $165,850,000 after acquiring an additional 8,806,495 shares in the last quarter. Finally, GenTrust LLC acquired a new stake in NU in the 4th quarter worth approximately $67,239,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Price Performance

NU stock traded up $0.37 during mid-day trading on Wednesday, reaching $11.56. 12,343,301 shares of the company's stock were exchanged, compared to its average volume of 40,311,615. The company has a market cap of $55.09 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The stock's 50 day moving average is $11.10 and its 200 day moving average is $12.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. The firm had revenue of $2.99 billion for 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%. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NU. Barclays decreased their price target on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, NU currently has a consensus rating of "Moderate Buy" and an average price target of $15.36.

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.