Norges Bank Takes Position in Nu Holdings Ltd. (NYSE:NU)

Norges Bank acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,220,314 shares of the company's stock, valued at approximately $447,762,000. Norges Bank owned 0.91% of NU as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in NU. Piscataqua Savings Bank boosted its position in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after buying an additional 2,500 shares during the period. Campbell Capital Management Inc. purchased a new position in NU in the fourth quarter valued at $52,000. Whipplewood Advisors LLC acquired a new position in NU during the 4th quarter worth $62,000. Ethos Financial Group LLC acquired a new position in NU during the 4th quarter worth $82,000. Finally, Quarry LP increased its holdings in NU by 104.8% during the 3rd quarter. Quarry LP now owns 7,890 shares of the company's stock worth $108,000 after purchasing an additional 4,037 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Up 1.1 %

NYSE:NU traded up $0.12 during midday trading on Wednesday, hitting $10.55. 22,725,469 shares of the company were exchanged, compared to its average volume of 37,953,713. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The company has a market capitalization of $50.26 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a fifty day simple moving average of $11.99 and a 200 day simple moving average of $12.69.

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NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $15.47.

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.