Nu Holdings Ltd. $NU Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 373.7% in the third quarter, Holdings Channel.com reports. The firm owned 1,501,227 shares of the company’s stock after buying an additional 1,184,296 shares during the period. Aquatic Capital Management LLC’s holdings in NU were worth $24,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of NU by 33.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 23,149,021 shares of the company’s stock valued at $370,616,000 after buying an additional 5,827,797 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of NU by 70.5% in the third quarter. AQR Capital Management LLC now owns 1,890,000 shares of the company’s stock worth $29,900,000 after buying an additional 781,484 shares during the last quarter. Credit Agricole S A acquired a new stake in NU in the third quarter valued at $20,277,000. Raymond James Financial Inc. raised its holdings in NU by 7.9% in the third quarter. Raymond James Financial Inc. now owns 529,619 shares of the company’s stock valued at $8,479,000 after acquiring an additional 38,989 shares in the last quarter. Finally, Metavasi Capital LP boosted its stake in NU by 17.9% during the 3rd quarter. Metavasi Capital LP now owns 559,475 shares of the company’s stock valued at $8,957,000 after acquiring an additional 85,000 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NU shares. Bank of America reaffirmed a “neutral” rating on shares of NU in a research report on Monday, March 9th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price target on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.22.

NU Trading Down 0.7%

Shares of NYSE NU opened at $13.88 on Friday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The company has a market cap of $66.86 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $16.71 and its 200 day simple moving average is $16.22.

NU (NYSE:NU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.