Proem Advisors LLC Invests $4.40 Million in Nu Holdings Ltd. (NYSE:NU)

Proem Advisors LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 425,000 shares of the company's stock, valued at approximately $4,403,000. NU makes up 1.2% of Proem Advisors LLC's investment portfolio, making the stock its 11th biggest position.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in NU in the 4th quarter valued at about $447,762,000. State Street Corp lifted its position in shares of NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company's stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock worth $187,611,000 after acquiring an additional 17,319,681 shares during the last quarter. Geode Capital Management LLC increased its position in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Finally, Baillie Gifford & Co. raised its stake 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 purchasing an additional 14,875,891 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

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NU Trading Down 6.8 %

Shares of NYSE NU traded down $0.70 during midday trading on Friday, reaching $9.57. 93,554,639 shares of the stock were exchanged, compared to its average volume of 38,762,670. The stock has a market capitalization of $45.61 billion, a P/E ratio of 23.93, a PEG 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 simple moving average of $11.87 and a 200 day simple moving average of $12.59. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) 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 company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NU has been the topic of several recent research reports. Barclays lowered their target price on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of NU from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th. 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.com, the company currently has a consensus rating of "Hold" and an average price target of $15.47.

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.