Royal London Asset Management Ltd. Buys 2,636,869 Shares of Nu Holdings Ltd. (NYSE:NU)

Royal London Asset Management Ltd. grew its stake in Nu Holdings Ltd. (NYSE:NU) by 202.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,942,322 shares of the company’s stock after acquiring an additional 2,636,869 shares during the period. Royal London Asset Management Ltd. owned 0.08% of NU worth $40,842,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Piscataqua Savings Bank grew its holdings in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. bought a new position in NU during the fourth quarter worth about $52,000. Whipplewood Advisors LLC bought a new position in NU during the fourth quarter worth about $62,000. Ethos Financial Group LLC bought a new position in NU during the fourth quarter worth about $82,000. Finally, Quarry LP grew its holdings in NU by 104.8% during the third quarter. Quarry LP now owns 7,890 shares of the company’s stock worth $108,000 after purchasing an additional 4,037 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 4.7 %

Shares of NU stock opened at $11.39 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The firm has a 50 day moving average price of $12.04 and a two-hundred day moving average price of $12.90. The company has a market capitalization of $54.26 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. As a group, analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup cut NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. UBS Group reduced their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Barclays reduced their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their price target on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.47.

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.