Alliancebernstein L.P. increased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,070,508 shares of the company's stock after purchasing an additional 1,711,138 shares during the period. Alliancebernstein L.P. owned approximately 0.38% of NU worth $187,210,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of NU in the 4th quarter worth about $447,762,000. State Street Corp lifted its holdings in shares of NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company's stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock valued at $187,611,000 after purchasing an additional 17,319,681 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.
NU Trading Down 6.8 %
NU stock traded down $0.70 during trading on Friday, reaching $9.57. The company had a trading volume of 93,554,639 shares, compared to its average volume of 38,762,670. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. 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 stock's 50 day moving average price is $11.87 and its two-hundred day moving average price is $12.60. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14.
NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th. UBS Group cut their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Barclays decreased their price target on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, NU currently has a consensus rating of "Hold" and an average price target of $15.47.
View Our Latest Stock Report on NU
About NU
(
Free Report)
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.
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