Marshall Wace LLP Takes $31.33 Million Position in Nu Holdings Ltd. (NYSE:NU)

Marshall Wace LLP acquired a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,023,687 shares of the company's stock, valued at approximately $31,325,000. Marshall Wace LLP owned about 0.06% of NU as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NU. Piscataqua Savings Bank grew its stake in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after purchasing an additional 2,500 shares during the period. Campbell Capital Management Inc. purchased a new stake in NU during the fourth quarter worth about $52,000. Whipplewood Advisors LLC bought a new stake in NU in the fourth quarter worth about $62,000. Ethos Financial Group LLC purchased a new position in NU in the fourth quarter valued at about $82,000. Finally, Berbice Capital Management LLC bought a new position in shares of NU during the 4th quarter valued at approximately $93,000. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

NU has been the subject of several recent research reports. UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Barclays lowered their price objective on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.36.

NU Trading Up 1.8 %

Shares of NYSE:NU traded up $0.21 on Thursday, reaching $11.70. 25,104,963 shares of the company traded hands, compared to its average volume of 52,180,543. The business's 50-day simple moving average is $11.05 and its 200 day simple moving average is $12.27. 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 52 week low of $9.01 and a 52 week high of $16.15. The stock has a market capitalization of $55.74 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

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