Entropy Technologies LP Acquires 261,138 Shares of Nu Holdings Ltd. $NU

Entropy Technologies LP increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 143.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 443,029 shares of the company’s stock after purchasing an additional 261,138 shares during the period. Entropy Technologies LP’s holdings in NU were worth $7,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Savant Capital LLC increased its position in NU by 259.6% in the 2nd quarter. Savant Capital LLC now owns 82,015 shares of the company’s stock worth $1,125,000 after buying an additional 59,207 shares during the period. Metis Global Partners LLC boosted its position in shares of NU by 13.4% in the second quarter. Metis Global Partners LLC now owns 23,057 shares of the company’s stock valued at $316,000 after acquiring an additional 2,724 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of NU by 150.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 203,635 shares of the company’s stock valued at $2,794,000 after acquiring an additional 122,273 shares during the period. Acadian Asset Management LLC grew its stake in shares of NU by 34.7% in the second quarter. Acadian Asset Management LLC now owns 175,436 shares of the company’s stock worth $2,406,000 after acquiring an additional 45,158 shares during the last quarter. Finally, Allworth Financial LP increased its position in NU by 166.6% during the second 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. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Down 3.6%

Shares of NU stock opened at $13.97 on Friday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. The stock has a fifty day moving average price of $16.78 and a 200 day moving average price of $16.21. The stock has a market cap of $67.29 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 0.57 and a beta of 1.11.

NU (NYSE:NU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NU. Bank of America reiterated a “neutral” rating on shares of NU in a research note on Monday. UBS Group dropped their price objective on shares of NU from $18.40 to $17.20 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NU has an average rating of “Moderate Buy” and an average price target of $18.22.

NU Company 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.