Mitsubishi UFJ Trust & Banking Corp Boosts Position in Nu Holdings Ltd. (NYSE:NU)

Mitsubishi UFJ Trust & Banking Corp raised its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,539,186 shares of the company's stock after purchasing an additional 494,746 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of NU worth $26,306,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Piscataqua Savings Bank boosted its stake in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after buying an additional 2,500 shares during the period. Campbell Capital Management Inc. purchased a new stake in shares of NU in the 4th quarter valued at about $52,000. Whipplewood Advisors LLC bought a new stake in shares of NU during the 4th quarter valued at about $62,000. Ethos Financial Group LLC purchased a new position in shares of NU during the fourth quarter worth about $82,000. Finally, Quarry LP increased its position in shares of NU by 104.8% in the third quarter. Quarry LP now owns 7,890 shares of the company's stock worth $108,000 after purchasing an additional 4,037 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Up 2.0 %

NU stock traded up $0.21 during trading hours on Tuesday, reaching $10.45. The company had a trading volume of 57,582,594 shares, compared to its average volume of 38,002,764. The firm has a market cap of $49.78 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company has a 50-day moving average price of $11.99 and a 200 day moving average price of $12.69.

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NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion for 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%. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NU has been the subject of several research analyst reports. Barclays dropped their target price on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. UBS Group cut their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Finally, Citigroup cut NU from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $15.47.

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.