Vanguard Group Inc. Acquires 191,369 Shares of Nu Holdings Ltd. (NYSE:NU)

Vanguard Group Inc. grew its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,610,029 shares of the company's stock after acquiring an additional 191,369 shares during the quarter. Vanguard Group Inc. owned 0.41% of NU worth $203,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Kontiki Capital Management HK Ltd. boosted its position in shares of NU by 14.9% in the fourth quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock valued at $218,700,000 after acquiring an additional 2,741,700 shares during the period. Stevens Capital Management LP bought a new stake in shares of NU in the fourth quarter valued at approximately $407,000. LPL Financial LLC boosted its position in shares of NU by 52.7% in the fourth quarter. LPL Financial LLC now owns 709,287 shares of the company's stock valued at $7,348,000 after acquiring an additional 244,879 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of NU in the fourth quarter valued at approximately $6,614,000. Finally, AXQ Capital LP bought a new stake in shares of NU in the fourth quarter valued at approximately $198,000. 84.02% of the stock is owned by institutional investors.

NU Price Performance

NU stock traded down $0.47 during mid-day trading on Thursday, hitting $10.45. 7,100,827 shares of the company were exchanged, compared to its average volume of 39,384,729. 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 business has a fifty day moving average of $11.61 and a 200 day moving average of $12.46. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a market capitalization of $49.80 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

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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, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

NU has been the subject of several research reports. UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Barclays cut their target price on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and cut their target price for the company from $14.00 to $13.00 in a research note on Tuesday. 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.36.

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.