Canada Pension Plan Investment Board Has $82.73 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Canada Pension Plan Investment Board lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 9.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,985,039 shares of the company's stock after selling 844,500 shares during the period. Canada Pension Plan Investment Board owned about 0.17% of NU worth $82,725,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Baader Bank Aktiengesellschaft boosted its stake in NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after purchasing an additional 58,183 shares during the period. Baillie Gifford & Co. boosted its position in shares of NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after buying an additional 14,875,891 shares during the period. Franklin Resources Inc. grew its holdings in shares of NU by 5.7% during the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock valued at $74,288,000 after buying an additional 271,903 shares in the last quarter. Blankinship & Foster LLC acquired a new position in NU during the third quarter valued at $3,212,000. Finally, Barclays PLC lifted its stake in NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after acquiring an additional 359,733 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Stock Up 2.9 %

Shares of NU stock traded up $0.33 on Wednesday, hitting $11.52. The company's stock had a trading volume of 20,464,458 shares, compared to its average volume of 40,345,090. The stock has a market capitalization of $54.90 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The firm's fifty day moving average price is $11.10 and its 200-day moving average price is $12.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. The company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group dropped their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Barclays cut their target price on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $15.36.

NU Profile

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.