Sterling Capital Management LLC Has $5.44 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Sterling Capital Management LLC lifted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 525,123 shares of the company's stock after buying an additional 78,337 shares during the period. Sterling Capital Management LLC's holdings in NU were worth $5,440,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its position in 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 buying an additional 14,875,891 shares in the last quarter. Norges Bank purchased a new position in shares of NU during the 4th quarter valued at approximately $447,762,000. Geode Capital Management LLC increased its position in shares of NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after purchasing an additional 1,179,748 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its position in shares of NU by 14.9% during the fourth quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock worth $218,700,000 after purchasing an additional 2,741,700 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in NU by 5.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company's stock valued at $218,026,000 after buying an additional 1,067,992 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Up 2.4 %

Shares of NYSE:NU traded up $0.26 during trading on Thursday, reaching $11.06. 20,495,701 shares of the company traded hands, compared to its average volume of 40,058,976. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $52.69 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The firm has a fifty day simple moving average of $11.33 and a 200 day simple moving average of $12.35.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. Analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NU. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays lowered their target price on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Finally, UBS Group cut their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NU currently has an average rating of "Moderate Buy" and a consensus price target of $15.36.

NU Company 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.