Public Investment Fund Has $70.72 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Public Investment Fund grew its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 79.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,825,796 shares of the company's stock after buying an additional 3,023,316 shares during the period. Public Investment Fund owned about 0.14% of NU worth $70,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its holdings in shares of NU by 55.7% in the 3rd 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. Advisory Resource Group bought a new position in NU in the 3rd quarter worth about $979,000. Morse Asset Management Inc raised its holdings in shares of NU by 71.1% during the third quarter. Morse Asset Management Inc now owns 58,786 shares of the company's stock valued at $802,000 after buying an additional 24,436 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in NU in the 3rd quarter worth approximately $148,000. Finally, Blankinship & Foster LLC bought a new stake in NU during the 3rd quarter valued at $3,212,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NU shares. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group lowered their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays lifted their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.47.

NU Trading Up 1.1 %

Shares of NYSE:NU traded up $0.13 during midday trading on Monday, reaching $12.14. The company had a trading volume of 53,317,241 shares, compared to its average volume of 40,933,962. The company has a fifty day simple moving average of $10.98 and a two-hundred day simple moving average of $12.23. 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 firm has a market cap of $57.86 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $3.17 billion. Research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.