Xponance Inc. Purchases 29,391 Shares of Nu Holdings Ltd. (NYSE:NU)

Xponance Inc. grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 426,390 shares of the company’s stock after acquiring an additional 29,391 shares during the quarter. Xponance Inc.’s holdings in NU were worth $4,417,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its holdings in NU by 13.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 23,089 shares of the company’s stock worth $315,000 after acquiring an additional 2,695 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of NU by 45.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,163 shares of the company’s stock valued at $303,000 after buying an additional 6,891 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock valued at $361,000 after buying an additional 1,248 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after buying an additional 48,445 shares during the last quarter. Finally, Caprock Group LLC raised its position in NU by 27.0% during the third quarter. Caprock Group LLC now owns 14,815 shares of the company’s stock worth $202,000 after acquiring an additional 3,152 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, Barclays dropped their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NU presently has a consensus rating of “Hold” and an average price target of $15.47.

NU Stock Performance

NU opened at $11.39 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business has a fifty day simple moving average of $12.04 and a 200 day simple moving average of $12.90. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The company has a market capitalization of $54.26 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.