Sora Investors LLC Makes New $4.44 Million Investment in Nu Holdings Ltd. (NYSE:NU)

Sora Investors LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 428,570 shares of the company’s stock, valued at approximately $4,440,000.

Other institutional investors also recently modified their holdings of the company. Rafferty Asset Management LLC bought a new position in shares of NU during the 4th quarter worth about $173,000. Ribbit Management Company LLC boosted its holdings in NU by 22.1% in the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company’s stock worth $261,525,000 after acquiring an additional 4,575,000 shares in the last quarter. Polar Capital Holdings Plc grew its stake in NU by 40.8% in the fourth quarter. Polar Capital Holdings Plc now owns 5,370,410 shares of the company’s stock valued at $55,637,000 after acquiring an additional 1,557,402 shares during the period. Malaga Cove Capital LLC increased its holdings in shares of NU by 213.1% during the fourth quarter. Malaga Cove Capital LLC now owns 71,847 shares of the company’s stock valued at $744,000 after acquiring an additional 48,901 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in shares of NU by 12.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 248,669 shares of the company’s stock worth $2,569,000 after purchasing an additional 27,394 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Susquehanna upped their target price on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a report on Wednesday. Barclays upped their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.13.

NU Price Performance

NU stock opened at $13.12 on Friday. The firm has a 50 day moving average of $11.40 and a 200-day moving average of $12.08. The firm has a market capitalization of $63.22 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the firm earned $0.09 EPS. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share 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.