Xponance Inc. grew its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 426,390 shares of the company's stock after buying an additional 29,391 shares during the quarter. Xponance Inc.'s holdings in NU were worth $4,417,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LRI Investments LLC grew its position in NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company's stock valued at $341,000 after acquiring an additional 743 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock worth $362,000 after purchasing an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after purchasing an additional 1,000 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its holdings in NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock valued at $579,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after buying an additional 1,011 shares in the last quarter. 84.02% of the stock is owned by institutional investors.
Analysts Set New Price Targets
NU has been the subject of several recent analyst reports. Barclays dropped 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. UBS Group cut 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. JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Finally, Citigroup cut NU from a "neutral" rating to a "sell" rating and cut their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NU has an average rating of "Hold" and a consensus price target of $15.47.
Check Out Our Latest Analysis on NU
NU Trading Down 2.6 %
Shares of NU traded down $0.30 during trading hours on Tuesday, hitting $11.39. 64,337,364 shares of the stock traded hands, compared to its average volume of 36,327,416. The business has a fifty day moving average of $12.07 and a 200-day moving average of $12.83. The firm has a market capitalization of $54.28 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.
NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.
About NU
(
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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