Baird Financial Group Inc. Makes New $111,000 Investment in Nu Holdings Ltd. (NYSE:NU)

Baird Financial Group Inc. acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, Holdings Channel reports. The fund acquired 10,749 shares of the company’s stock, valued at approximately $111,000.

Several other large investors also recently added to or reduced their stakes in the stock. Bayesian Capital Management LP bought a new stake in NU during the fourth quarter worth approximately $2,517,000. Ameriprise Financial Inc. increased its stake in NU by 7.2% during the fourth quarter. Ameriprise Financial Inc. now owns 7,480,461 shares of the company’s stock worth $77,498,000 after acquiring an additional 504,885 shares during the last quarter. Advanced Portfolio Management LLC bought a new stake in NU during the fourth quarter worth approximately $2,849,000. AlTi Global Inc. bought a new position in shares of NU during the fourth quarter valued at approximately $123,000. Finally, Metavasi Capital LP bought a new position in shares of NU during the fourth quarter valued at approximately $2,849,000. 84.02% of the stock is owned by institutional investors.

NU Stock Down 0.7%

Shares of NYSE NU opened at $13.04 on Friday. The stock has a 50 day moving average price of $11.45 and a 200 day moving average price of $12.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $62.83 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15.

NU (NYSE:NU) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter in the prior year, the company earned $0.09 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NU shares. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and cut their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Barclays upped their target price on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Susquehanna boosted their price target on NU from $14.00 to $15.00 and gave the company a “positive” rating in a report on Wednesday. Finally, UBS Group lowered their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

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.