Geode Capital Management LLC Buys 1,179,748 Shares of Nu Holdings Ltd. (NYSE:NU)

Geode Capital Management LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,777,551 shares of the company's stock after purchasing an additional 1,179,748 shares during the quarter. Geode Capital Management LLC owned about 0.71% of NU worth $348,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its position in shares of NU by 14.3% in the 4th quarter. National Bank of Canada FI now owns 657,989 shares of the company's stock worth $6,824,000 after buying an additional 82,332 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in NU by 16.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 16,287 shares of the company's stock worth $169,000 after purchasing an additional 2,292 shares during the last quarter. Seven Mile Advisory increased its position in shares of NU by 26.6% during the fourth quarter. Seven Mile Advisory now owns 24,490 shares of the company's stock worth $254,000 after purchasing an additional 5,142 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of NU by 10.5% during the 4th quarter. Alliancebernstein L.P. now owns 18,070,508 shares of the company's stock valued at $187,210,000 after purchasing an additional 1,711,138 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of NU by 142.2% in the 4th quarter. Wellington Management Group LLP now owns 2,658,621 shares of the company's stock worth $27,543,000 after purchasing an additional 1,561,129 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NU. Barclays reduced their target price on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. UBS Group cut their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, NU presently has an average rating of "Hold" and an average price target of $15.47.

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NU Stock Performance

Shares of NYSE NU opened at $9.57 on Friday. The company has a 50 day simple moving average of $11.87 and a two-hundred day simple moving average of $12.62. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

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

NU Company 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.

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