Prasad Wealth Partners LLC Makes New Investment in Nu Holdings Ltd. (NYSE:NU)

Prasad Wealth Partners LLC acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,376 shares of the company’s stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NU. Baillie Gifford & Co. increased its stake in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares during the last quarter. Jennison Associates LLC increased its position in shares of NU by 7.1% during the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after purchasing an additional 6,435,526 shares during the last quarter. State Street Corp raised its holdings in shares of NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. FMR LLC lifted its position in NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 worth $442,935,000 after buying an additional 16,638,397 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on NU. Barclays decreased their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group lifted their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. decreased their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Citigroup cut NU from a “neutral” rating to a “sell” rating and dropped their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NU currently has an average rating of “Hold” and an average target price of $15.47.

NU Stock Performance

Shares of NU opened at $11.04 on Tuesday. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The business’s fifty day simple moving average is $11.91 and its two-hundred day simple moving average is $13.25. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market cap of $52.59 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 0.48 and a beta of 1.10.

NU (NYSE:NU) last released 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. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share 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.