Barclays PLC increased its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,112,243 shares of the company's stock after purchasing an additional 107,221 shares during the quarter. Barclays PLC's holdings in NU were worth $11,523,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Norges Bank acquired a new position in NU in the fourth quarter valued at $447,762,000. Geode Capital Management LLC lifted its stake in shares of NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after purchasing an additional 1,179,748 shares in the last quarter. Kontiki Capital Management HK Ltd. grew its holdings in shares of NU by 14.9% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock worth $218,700,000 after purchasing an additional 2,741,700 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in NU by 5.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company's stock worth $218,026,000 after purchasing an additional 1,067,992 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on NU. Barclays lifted their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday. UBS Group decreased their price target 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. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.47.
Read Our Latest Research Report on NU
NU Stock Up 2.2 %
Shares of NYSE NU traded up $0.26 during midday trading on Friday, reaching $12.01. 41,714,393 shares of the company's stock were exchanged, compared to its average volume of 40,779,668. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The business's fifty day moving average price is $10.98 and its two-hundred day moving average price is $12.25. The stock has a market capitalization of $57.24 billion, a PE ratio of 30.03, a price-to-earnings-growth 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 for the quarter, hitting the consensus estimate of $0.12. The company 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%. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.
NU Company Profile
(
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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