Mariner LLC Grows Holdings in Nu Holdings Ltd. (NYSE:NU)

Mariner LLC boosted its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,775,845 shares of the company's stock after purchasing an additional 78,090 shares during the period. Mariner LLC's holdings in NU were worth $18,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baader Bank Aktiengesellschaft increased its position in NU by 19.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after purchasing an additional 58,183 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Franklin Resources Inc. boosted its stake in shares of NU by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock worth $74,288,000 after purchasing an additional 271,903 shares during the period. Blankinship & Foster LLC purchased a new stake in NU in the 3rd quarter worth about $3,212,000. Finally, Barclays PLC lifted its stake in NU by 55.7% in the third quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after purchasing an additional 359,733 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

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

NU Stock Up 1.7 %

NYSE:NU traded up $0.18 during midday trading on Friday, reaching $10.98. 34,617,402 shares of the stock traded hands, compared to its average volume of 40,363,622. The business has a 50-day moving average of $11.21 and a two-hundred day moving average of $12.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The stock has a market capitalization of $52.33 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU - Get Free Report) last announced its earnings results 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 return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Company 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.