Trexquant Investment LP Makes New $12.31 Million Investment in Nu Holdings Ltd. (NYSE:NU)

Trexquant Investment LP acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,188,472 shares of the company’s stock, valued at approximately $12,313,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Piscataqua Savings Bank boosted its stake in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares during the period. Campbell Capital Management Inc. purchased a new stake in NU in the 4th quarter worth about $52,000. Whipplewood Advisors LLC bought a new stake in NU in the fourth quarter worth about $62,000. Ethos Financial Group LLC purchased a new position in shares of NU during the fourth quarter valued at approximately $82,000. Finally, Berbice Capital Management LLC bought a new position in shares of NU during the fourth quarter valued at approximately $93,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $10.58 on Thursday. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The business’s fifty day simple moving average is $11.96 and its 200-day simple moving average is $12.67. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market cap of $50.42 billion, a PE ratio of 26.45, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting 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 the consensus estimate of $3.17 billion. Analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays cut their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.47.

About NU

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.