Massachusetts Financial Services Co. MA Invests $26.89 Million in Nu Holdings Ltd. (NYSE:NU)

Massachusetts Financial Services Co. MA bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 2,595,954 shares of the company’s stock, valued at approximately $26,894,000. Massachusetts Financial Services Co. MA owned 0.05% of NU at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank boosted its stake in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in NU during the fourth quarter worth approximately $52,000. Whipplewood Advisors LLC acquired a new stake in NU in the fourth quarter valued at approximately $62,000. Ethos Financial Group LLC purchased a new stake in shares of NU in the fourth quarter valued at approximately $82,000. Finally, Berbice Capital Management LLC acquired a new position in shares of NU during the 4th quarter worth approximately $93,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on NU shares. JPMorgan Chase & Co. cut their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, 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, February 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.47.

NU Trading Down 6.8 %

NU opened at $9.57 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company’s 50 day simple moving average is $11.87 and its two-hundred day simple moving average is $12.59. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1-year low of $8.95 and a 1-year high of $16.15.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. Analysts expect that Nu Holdings Ltd. will post 0.58 EPS 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.