Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 24.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,539,186 shares of the company’s stock after purchasing an additional 494,746 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in NU were worth $26,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC lifted its holdings in shares of NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after buying an additional 743 shares during the period. Coldstream Capital Management Inc. raised its position in NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after acquiring an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after acquiring an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its position in shares of NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of NU by 4.9% during the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after purchasing an additional 1,011 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NU Stock Performance

NYSE NU opened at $11.08 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. The stock has a market cap of $52.82 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The business has a fifty day moving average of $12.06 and a 200-day moving average of $12.79.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm 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 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.