Nu Holdings Ltd. (NYSE:NU) Stake Boosted by NZS Capital LLC

NZS Capital LLC boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,528,780 shares of the company’s stock after purchasing an additional 76,595 shares during the quarter. NZS Capital LLC’s holdings in NU were worth $15,838,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Piscataqua Savings Bank lifted its position in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after acquiring an additional 3,215 shares during the period. Campbell Capital Management Inc. bought a new position in NU in the fourth quarter worth about $52,000. Whipplewood Advisors LLC acquired a new position in NU in the fourth quarter valued at approximately $62,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of NU during the 4th quarter worth approximately $82,000. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 2.2 %

NU stock opened at $12.01 on Friday. The company’s 50-day moving average price is $10.98 and its two-hundred day moving average price is $12.24. The stock has a market cap of $57.24 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 52 week low of $9.01 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.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Barclays increased their price objective on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday. Finally, UBS Group reduced their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.