In Depth Partners LLC grew its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 22.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 423,218 shares of the company's stock after buying an additional 78,636 shares during the quarter. NU accounts for about 4.6% of In Depth Partners LLC's portfolio, making the stock its 9th largest holding. In Depth Partners LLC's holdings in NU were worth $4,385,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. raised its holdings in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after buying an additional 14,875,891 shares during the last quarter. Norges Bank acquired a new stake in NU during the 4th quarter worth about $447,762,000. Geode Capital Management LLC increased its holdings in NU by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after purchasing an additional 1,179,748 shares in the last quarter. Kontiki Capital Management HK Ltd. lifted its position in shares of NU by 14.9% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock valued at $218,700,000 after acquiring an additional 2,741,700 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of NU by 5.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company's stock worth $218,026,000 after purchasing an additional 1,067,992 shares in the last quarter. Institutional investors own 84.02% of the company's stock.
NU Trading Up 2.2 %
NU stock traded up $0.26 during trading hours on Friday, reaching $12.01. The stock had a trading volume of 41,714,393 shares, compared to its average volume of 40,779,658. The company has a fifty day simple moving average of $10.98 and a 200-day simple moving average of $12.25. The stock has a market cap of $57.24 billion, a PE ratio of 30.03, a PEG ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have commented on NU shares. Barclays boosted their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, UBS Group dropped their price objective 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, NU currently has an average rating of "Moderate Buy" and an average target price of $15.47.
View Our Latest Analysis on NU
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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