Candriam S.C.A. Has $19.42 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Candriam S.C.A. trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 53.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,874,250 shares of the company's stock after selling 2,127,179 shares during the quarter. Candriam S.C.A.'s holdings in NU were worth $19,417,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NU. State Street Corp raised its holdings in shares of NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company's stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Baillie Gifford & Co. raised its holdings in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock valued at $2,867,912,000 after buying an additional 24,140,416 shares during the period. Geode Capital Management LLC raised its holdings 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 valued at $442,935,000 after buying an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NU by 458.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company's stock valued at $193,111,000 after buying an additional 11,613,191 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of NU by 122.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company's stock valued at $165,850,000 after buying an additional 8,806,495 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on NU shares. Barclays lowered their price objective on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. Citigroup lowered NU from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Itau BBA Securities lowered NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. Finally, UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $15.47.

NU Trading Up 1.7 %

Shares of NYSE NU traded up $0.18 during mid-day trading on Friday, hitting $10.83. 63,811,437 shares of the company traded hands, compared to its average volume of 49,158,207. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The stock has a market capitalization of $51.63 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $11.98 and a two-hundred day moving average of $13.08.

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

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.