GenTrust LLC Takes Position in Nu Holdings Ltd. (NYSE:NU)

GenTrust LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,490,294 shares of the company's stock, valued at approximately $67,239,000. NU comprises about 2.9% of GenTrust LLC's investment portfolio, making the stock its 7th largest holding. GenTrust LLC owned 0.14% of NU as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its holdings in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company's stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. raised its holdings in NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock valued at $2,867,912,000 after acquiring an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC raised its holdings in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock valued at $442,935,000 after acquiring an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NU by 458.3% in 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 acquiring an additional 11,613,191 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in NU by 122.3% in 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 acquiring an additional 8,806,495 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NU shares. 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. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Citigroup downgraded NU from a "neutral" rating to a "sell" rating and cut their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. Finally, KeyCorp boosted their price objective on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, NU has a consensus rating of "Hold" and an average price target of $15.47.

NU Stock Down 4.3 %

NU stock traded down $0.48 during trading on Friday, reaching $10.77. The stock had a trading volume of 140,180,576 shares, compared to its average volume of 45,924,000. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $51.31 billion, a P/E ratio of 26.92, a PEG ratio of 0.48 and a beta of 1.10. The firm has a fifty day moving average price of $11.95 and a 200 day moving average price of $13.21.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $2.99 billion for 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%. On average, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.