Lazard Asset Management LLC Acquires 23,198 Shares of Nu Holdings Ltd. (NYSE:NU)

Lazard Asset Management LLC increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,190,218 shares of the company’s stock after acquiring an additional 23,198 shares during the period. Lazard Asset Management LLC owned about 0.09% of NU worth $43,410,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. LRT Capital Management LLC purchased a new position in NU in the fourth quarter valued at approximately $262,000. J. Goldman & Co LP purchased a new position in NU in the fourth quarter valued at approximately $290,000. Jacobs Levy Equity Management Inc. lifted its stake in NU by 13.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 10,587,873 shares of the company’s stock valued at $109,690,000 after purchasing an additional 1,251,358 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in NU in the fourth quarter valued at approximately $1,338,000. Finally, Graham Capital Management L.P. lifted its stake in NU by 1,600.5% in the fourth quarter. Graham Capital Management L.P. now owns 510,147 shares of the company’s stock valued at $5,285,000 after purchasing an additional 480,147 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

NU Trading Up 0.7%

NYSE:NU opened at $12.92 on Tuesday. The company has a market cap of $62.25 billion, a P/E ratio of 32.30, a P/E/G ratio of 0.48 and a beta of 1.11. The stock’s fifty day moving average price is $11.23 and its two-hundred day moving average price is $12.08. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

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 the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. As a group, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays upped their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, UBS Group dropped their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.