Russell Investments Group Ltd. Increases Holdings in Nu Holdings Ltd. (NYSE:NU)

Russell Investments Group Ltd. lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,312,454 shares of the company's stock after acquiring an additional 770,394 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of NU worth $55,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. Townsquare Capital LLC bought a new stake in shares of NU in the third quarter valued at $197,000. Benjamin Edwards Inc. bought a new stake in NU in the 3rd quarter valued at about $171,000. Centiva Capital LP purchased a new stake in NU during the third quarter valued at about $568,000. HighTower Advisors LLC grew its stake in NU by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 943,769 shares of the company's stock valued at $12,872,000 after buying an additional 2,419 shares in the last quarter. Finally, IHT Wealth Management LLC purchased a new position in shares of NU in the third quarter valued at $177,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NU has been the topic of several research reports. 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 report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $14.00 to $13.00 in a research report on Tuesday. Finally, 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 report on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $15.36.

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NU Stock Up 2.9 %

NU stock traded up $0.29 during mid-day trading on Friday, reaching $10.54. The stock had a trading volume of 55,374,309 shares, compared to its average volume of 39,772,385. The company has a market capitalization of $50.25 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a 50-day moving average price of $11.50 and a two-hundred day moving average price of $12.40.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU 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.