Nu Holdings Ltd. (NYSE:NU) Position Increased by Aviva PLC

Aviva PLC grew its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,174,340 shares of the company's stock after purchasing an additional 35,492 shares during the period. Aviva PLC's holdings in NU were worth $22,526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Resona Asset Management Co. Ltd. acquired a new stake in shares of NU in the fourth quarter worth $7,729,000. First Western Trust Bank lifted its stake in shares of NU by 29.9% during the fourth quarter. First Western Trust Bank now owns 22,904 shares of the company's stock worth $237,000 after purchasing an additional 5,276 shares in the last quarter. Prudential PLC lifted its stake in shares of NU by 40.1% during the fourth quarter. Prudential PLC now owns 425,838 shares of the company's stock worth $4,412,000 after purchasing an additional 121,881 shares in the last quarter. Proem Advisors LLC purchased a new position in NU in the 4th quarter worth approximately $4,403,000. Finally, OneAscent Financial Services LLC lifted its position in shares of NU by 14.3% during the fourth quarter. OneAscent Financial Services LLC now owns 16,294 shares of the company's stock worth $169,000 after purchasing an additional 2,043 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NU shares. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $14.00 to $13.00 in a report on Tuesday. Barclays lowered their target price on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Finally, UBS Group cut their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.36.

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NU Stock Performance

NYSE:NU traded up $0.27 during trading hours on Friday, reaching $10.52. 21,655,573 shares of the stock were exchanged, compared to its average volume of 39,549,519. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $50.14 billion, a P/E ratio of 26.26, a P/E/G ratio of 0.48 and a beta of 1.14. The firm has a 50 day simple moving average of $11.56 and a 200-day simple moving average of $12.43.

NU (NYSE:NU - Get Free Report) last released 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 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, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

About NU

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.