Compass Group LLC Purchases 38,518 Shares of Nu Holdings Ltd. (NYSE:NU)

Compass Group LLC boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 203.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,457 shares of the company’s stock after purchasing an additional 38,518 shares during the quarter. NU makes up about 3.4% of Compass Group LLC’s investment portfolio, making the stock its 8th largest holding. Compass Group LLC’s holdings in NU were worth $595,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. OneAscent Wealth Management LLC grew its stake in NU by 6.5% during the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock worth $129,000 after buying an additional 760 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of NU by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after acquiring an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. increased its holdings in shares of NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after acquiring an additional 1,011 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in NU by 9.9% in the 4th quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company’s stock valued at $152,000 after purchasing an additional 1,216 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

NU has been the topic of a number of recent analyst reports. UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Barclays decreased their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.36.

NU Price Performance

Shares of NU stock opened at $11.75 on Friday. 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 firm has a fifty day simple moving average of $11.02 and a 200-day simple moving average of $12.26. The stock has a market capitalization of $56.00 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

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

NU 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.