Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Investment House LLC

Investment House LLC increased its position in Nu Holdings Ltd. (NYSE:NU) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,340,942 shares of the company’s stock after buying an additional 51,385 shares during the period. NU comprises 1.3% of Investment House LLC’s portfolio, making the stock its 20th largest holding. Investment House LLC’s holdings in NU were worth $24,252,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Geode Capital Management LLC grew its holdings 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 period. Baillie Gifford & Co. grew its holdings 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 purchasing an additional 14,875,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NU by 458.3% in 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. grew its holdings 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 valued at $165,850,000 after purchasing an additional 8,806,495 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 2.6 %

NYSE NU opened at $11.52 on Wednesday. The company’s fifty day simple moving average is $12.02 and its 200-day simple moving average is $12.91. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week 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. The stock has a market cap of $54.88 billion, a P/E ratio of 28.79, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on NU. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group decreased their price objective 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. Barclays decreased 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” 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 given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.47.

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.