Trexquant Investment LP Takes Position in Nu Holdings Ltd. (NYSE:NU)

Trexquant Investment LP purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,188,472 shares of the company's stock, valued at approximately $12,313,000.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of NU by 94.1% during the third quarter. The Manufacturers Life Insurance Company now owns 609,709 shares of the company's stock valued at $8,323,000 after acquiring an additional 295,520 shares in the last quarter. Townsquare Capital LLC bought a new stake in NU during the 3rd quarter valued at about $197,000. Erste Asset Management GmbH bought a new stake in NU during the 3rd quarter valued at about $1,387,000. Benjamin Edwards Inc. purchased a new position in NU in the third quarter worth about $171,000. Finally, Centiva Capital LP bought a new position in shares of NU in the third quarter worth approximately $568,000. Institutional investors own 84.02% of the company's stock.

NU Stock Performance

NU traded down $0.70 during trading on Friday, hitting $9.57. The company's stock had a trading volume of 93,554,639 shares, compared to its average volume of 38,762,670. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The business's 50 day simple moving average is $11.87 and its 200-day simple moving average is $12.60. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $45.61 billion, a PE ratio of 23.93, a P/E/G ratio of 0.48 and a beta of 1.14.

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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 the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays decreased their price objective 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. UBS Group decreased their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, NU currently has a consensus rating of "Hold" and an average price target of $15.47.

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.