Parametrica Management Ltd Purchases Shares of 235,663 Nu Holdings Ltd. (NYSE:NU)

Parametrica Management Ltd purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 235,663 shares of the company’s stock, valued at approximately $1,963,000. NU accounts for approximately 3.2% of Parametrica Management Ltd’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds have also bought and sold shares of NU. AE Wealth Management LLC grew its position in shares of NU by 10.9% during the third quarter. AE Wealth Management LLC now owns 13,268 shares of the company’s stock worth $96,000 after purchasing an additional 1,299 shares in the last quarter. SG Americas Securities LLC grew its position in shares of NU by 487.1% during the third quarter. SG Americas Securities LLC now owns 190,907 shares of the company’s stock worth $1,384,000 after purchasing an additional 158,392 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of NU by 100.0% during the third quarter. Handelsbanken Fonder AB now owns 96,800 shares of the company’s stock worth $702,000 after purchasing an additional 48,400 shares in the last quarter. Windmill Hill Asset Management Ltd grew its position in shares of NU by 75.0% during the third quarter. Windmill Hill Asset Management Ltd now owns 1,082,158 shares of the company’s stock worth $7,846,000 after purchasing an additional 463,781 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of NU by 24.1% during the third quarter. Commonwealth Equity Services LLC now owns 119,106 shares of the company’s stock worth $864,000 after purchasing an additional 23,100 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Susquehanna increased their target price on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. UBS Group raised their price target on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. TheStreet upgraded NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Finally, KeyCorp raised their price target on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

NU Trading Up 1.7 %

Shares of NU stock traded up $0.18 on Friday, reaching $11.05. 14,749,772 shares of the company’s stock were exchanged, compared to its average volume of 17,416,676. Nu Holdings Ltd. has a 52 week low of $4.94 and a 52 week high of $12.39. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $51.88 billion, a PE ratio of 52.57, a P/E/G ratio of 0.53 and a beta of 1.08. The company’s fifty day simple moving average is $11.33 and its 200 day simple moving average is $9.52.

NU (NYSE:NU) last issued its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same period last year, the firm earned $0.03 earnings per share. As a group, analysts forecast that Nu Holdings Ltd. will post 0.39 EPS for the current year.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.