Arrowstreet Capital Limited Partnership Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

Arrowstreet Capital Limited Partnership raised its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 2,193.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,109,184 shares of the company's stock after purchasing an additional 17,319,681 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.38% of NU worth $187,611,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NU. Piscataqua Savings Bank boosted its position in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after purchasing an additional 2,500 shares during the period. Campbell Capital Management Inc. acquired a new stake in shares of NU in the fourth quarter valued at $52,000. Whipplewood Advisors LLC purchased a new stake in shares of NU in the 4th quarter valued at $62,000. Ethos Financial Group LLC acquired a new position in NU in the 4th quarter valued at about $82,000. Finally, Berbice Capital Management LLC purchased a new stake in NU during the fourth quarter worth about $93,000. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Down 6.8 %

NYSE NU traded down $0.70 during trading 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. Nu Holdings Ltd. has a 1 year low of $9.02 and a 1 year high of $16.15. The stock has a market cap of $45.61 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a 50 day moving average price of $11.87 and a two-hundred day moving average price of $12.62.

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NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.17 billion. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays lowered their price objective on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. decreased their price target on shares of NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Finally, UBS Group cut their price objective 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $15.47.

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.