Raymond James Financial Inc. acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 337,748 shares of the company's stock, valued at approximately $3,499,000.
Several other institutional investors have also recently made changes to their positions in NU. Baillie Gifford & Co. increased its position in shares of NU by 7.1% during 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 last quarter. State Street Corp grew its stake in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company's stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. FMR LLC increased its position in shares of NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company's stock valued at $843,596,000 after purchasing an additional 8,728,833 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NU by 104.3% during the 3rd 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 during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of NU by 5.3% in 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 buying an additional 1,067,992 shares during the last quarter. Institutional investors own 84.02% of the company's stock.
Analyst Ratings Changes
A number of research firms recently issued reports on NU. Barclays decreased their price objective on shares of 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. 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 note on Monday, February 24th. Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $15.47.
Get Our Latest Stock Analysis on NU
NU Stock Performance
NU stock traded down $0.09 during mid-day trading on Monday, reaching $10.26. The company's stock had a trading volume of 82,294,123 shares, compared to its average volume of 37,851,728. The company has a market capitalization of $48.91 billion, a P/E ratio of 25.66, a PEG ratio of 0.48 and a beta of 1.14. The firm's fifty day moving average price is $12.01 and its two-hundred day moving average price is $12.72. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. 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 (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
NU 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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