SBI Securities Co. Ltd. Takes Position in Nu Holdings Ltd. (NYSE:NU)

SBI Securities Co. Ltd. bought a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 167,716 shares of the company's stock, valued at approximately $1,738,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company's stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. Baillie Gifford & Co. raised its holdings in shares of NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares during the period. Geode Capital Management LLC lifted its stake in NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock valued at $442,935,000 after purchasing an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company's stock valued at $193,111,000 after purchasing an additional 11,613,191 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company's stock worth $165,850,000 after buying an additional 8,806,495 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

NU Price Performance

NYSE:NU traded up $0.38 during trading hours on Wednesday, hitting $10.84. The stock had a trading volume of 76,107,817 shares, compared to its average volume of 48,446,691. The firm has a market capitalization of $51.64 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The company has a 50 day simple moving average of $11.96 and a two-hundred day simple moving average of $13.14. 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 (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 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 business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. Research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NU shares. JPMorgan Chase & Co. cut their price target on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Susquehanna increased their target price on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Citigroup downgraded shares of NU from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Finally, Barclays reduced 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. One 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, NU has an average rating of "Hold" and a consensus price target of $15.47.

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.