Shell Asset Management Co. Grows Stock Holdings in Nu Holdings Ltd. $NU

Shell Asset Management Co. grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 88.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 119,174 shares of the company’s stock after purchasing an additional 55,885 shares during the quarter. Shell Asset Management Co.’s holdings in NU were worth $1,908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NU. Jordan Park Group LLC lifted its position in NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after buying an additional 1,104,421 shares during the period. Quaker Wealth Management LLC increased its stake in shares of NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after acquiring an additional 4,341 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of NU during the 2nd quarter worth about $38,000. Finally, FNY Investment Advisers LLC boosted its position in shares of NU by 334,100.0% in the second quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock worth $45,000 after acquiring an additional 3,341 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NYSE:NU opened at $16.83 on Friday. The firm’s fifty day simple moving average is $17.14 and its 200 day simple moving average is $15.83. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The firm has a market capitalization of $81.12 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 0.55 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.96 billion. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NU shares. Susquehanna upped their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. UBS Group upped their price objective on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. KeyCorp increased their target price on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price target on shares of NU in a research report on Thursday, December 18th. Finally, JPMorgan Chase & Co. upped their price target on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.34.

NU Profile

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.