Nu Holdings Ltd. (NYSE:NU) Shares Purchased by Oak Grove Capital LLC

Oak Grove Capital LLC increased its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 101.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,082 shares of the company's stock after acquiring an additional 237,775 shares during the quarter. NU comprises approximately 0.7% of Oak Grove Capital LLC's portfolio, making the stock its 23rd largest holding. Oak Grove Capital LLC's holdings in NU were worth $4,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. First Trust Direct Indexing L.P. acquired a new stake in shares of NU in the 3rd quarter valued at about $142,000. Harbor Capital Advisors Inc. purchased a new stake in NU in the third quarter valued at approximately $581,000. National Pension Service acquired a new stake in shares of NU in the third quarter valued at approximately $11,477,000. Asset Management One Co. Ltd. purchased a new position in shares of NU during the third quarter worth approximately $5,041,000. Finally, Gulf International Bank UK Ltd acquired a new position in shares of NU in the 3rd quarter valued at $3,046,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

NU has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Barclays decreased their target price on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Citigroup lowered NU from a "neutral" rating to a "sell" rating and dropped their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, The Goldman Sachs Group increased their price target on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $15.47.

NU Price Performance

NYSE:NU traded up $0.38 during trading hours on Wednesday, hitting $10.84. The company's stock had a trading volume of 76,107,817 shares, compared to its average volume of 48,446,691. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The business's 50-day moving average is $11.96 and its two-hundred day moving average is $13.14. The company has a market capitalization of $51.64 billion, a PE ratio of 27.09, a PEG ratio of 0.48 and a beta of 1.10.

NU (NYSE:NU - Get Free Report) last announced 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 business 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%. As a group, research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.