Mason & Associates Inc Purchases Shares of 30,268 Nu Holdings Ltd. $NU

Mason & Associates Inc acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,268 shares of the company’s stock, valued at approximately $485,000.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in NU during the 2nd quarter valued at $626,569,000. Jennison Associates LLC lifted its position in shares of NU by 38.1% in the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after acquiring an additional 11,567,865 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NU by 91.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,101,679 shares of the company’s stock valued at $257,788,000 after acquiring an additional 7,709,707 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of NU by 106.3% during the second quarter. Marshall Wace LLP now owns 14,691,671 shares of the company’s stock valued at $201,570,000 after acquiring an additional 7,569,233 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in NU by 50,169.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 7,471,039 shares of the company’s stock worth $102,503,000 after purchasing an additional 7,456,177 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Down 1.2%

NU stock opened at $16.83 on Friday. The company has a market cap of $81.12 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 0.55 and a beta of 1.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $17.14 and a 200-day simple moving average of $15.81. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.98.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. KeyCorp raised their target price on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price target on shares of NU in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.