Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,504,884 shares of the company's stock after buying an additional 88,600 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.05% of NU worth $27,479,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company's stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. Geode Capital Management LLC boosted 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 purchasing an additional 16,638,397 shares in the last quarter. Baillie Gifford & Co. increased its position in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 worth $193,111,000 after buying an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of 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 buying an additional 8,806,495 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on NU shares. JPMorgan Chase & Co. cut 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. UBS Group reduced their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Barclays lowered their target price 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. One 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $15.47.
Read Our Latest Report on NU
NU Stock Performance
Shares of NYSE:NU traded down $0.70 on Friday, reaching $9.57. 93,554,639 shares of the company's stock were exchanged, compared to its average volume of 38,672,418. The business's 50-day moving average is $11.87 and its two-hundred day moving average is $12.62. 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 fifty-two week low of $9.02 and a fifty-two week high of $16.15. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 23.93, a PEG 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, hitting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.
NU Company Profile
(
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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