Clearbridge Investments LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 91,871 shares of the company's stock, valued at approximately $952,000.
Several other large investors have also bought and sold shares of NU. CIBC Private Wealth Group LLC boosted its position in shares of NU by 1.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 545,157 shares of the company's stock worth $6,073,000 after purchasing an additional 5,438 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings 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 worth $187,611,000 after acquiring an additional 17,319,681 shares in the last quarter. OneAscent Wealth Management LLC increased its stake in NU by 6.5% during the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock worth $129,000 after purchasing an additional 760 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in NU by 16.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 135,162 shares of the company's stock worth $1,400,000 after buying an additional 19,485 shares during the period. Finally, Pictet Asset Management Holding SA lifted its stake in NU by 39.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,791,418 shares of the company's stock valued at $39,279,000 after buying an additional 1,071,368 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.
NU Trading Down 6.8 %
Shares of NU stock traded down $0.70 during mid-day trading on Friday, reaching $9.57. 93,554,639 shares of the stock traded hands, compared to its average volume of 38,762,670. The company has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The stock's fifty day simple moving average is $11.87 and its two-hundred day simple moving average is $12.60. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.
NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting 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 the consensus estimate of $3.17 billion. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Barclays dropped their price objective on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Finally, UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $15.47.
Read Our Latest Stock Analysis 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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