Parametrica Management Ltd Makes New $1.96 Million Investment in Nu Holdings Ltd. (NYSE:NU)

Parametrica Management Ltd bought a new position in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 235,663 shares of the company’s stock, valued at approximately $1,963,000. NU makes up about 3.2% of Parametrica Management Ltd’s holdings, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in shares of NU by 160.9% during the 4th quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock valued at $548,223,000 after purchasing an additional 40,584,189 shares in the last quarter. WCM Investment Management LLC bought a new position in NU in the 4th quarter worth $66,541,000. AlpInvest Partners B.V. raised its holdings in NU by 180.0% in the 3rd quarter. AlpInvest Partners B.V. now owns 9,646,318 shares of the company’s stock worth $69,936,000 after acquiring an additional 6,201,124 shares during the period. Advent International L.P. raised its holdings in NU by 28.6% in the 3rd quarter. Advent International L.P. now owns 23,774,907 shares of the company’s stock worth $172,368,000 after acquiring an additional 5,283,562 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in NU by 46.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201,381 shares of the company’s stock worth $117,460,000 after acquiring an additional 5,129,796 shares during the period. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Performance

Shares of NYSE:NU traded up $0.18 on Friday, hitting $11.05. 14,749,772 shares of the company were exchanged, compared to its average volume of 17,416,676. The company’s 50 day moving average price is $11.33 and its two-hundred day moving average price is $9.52. Nu Holdings Ltd. has a one year low of $4.94 and a one year high of $12.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a market capitalization of $51.88 billion, a price-to-earnings ratio of 52.57, a PEG ratio of 0.53 and a beta of 1.08.

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

Analyst Upgrades and Downgrades

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

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.