Vanguard Group Inc. Purchases 191,369 Shares of Nu Holdings Ltd. (NYSE:NU)

Vanguard Group Inc. raised its holdings in Nu Holdings Ltd. (NYSE:NU) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 19,610,029 shares of the company’s stock after purchasing an additional 191,369 shares during the quarter. Vanguard Group Inc.’s holdings in NU were worth $203,160,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NU. Kontiki Capital Management HK Ltd. grew its stake in shares of NU by 14.9% during the fourth quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company’s stock valued at $218,700,000 after purchasing an additional 2,741,700 shares during the last quarter. Stevens Capital Management LP acquired a new position in NU during the 4th quarter worth $407,000. LPL Financial LLC boosted its position in NU by 52.7% in the 4th quarter. LPL Financial LLC now owns 709,287 shares of the company’s stock valued at $7,348,000 after buying an additional 244,879 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of NU in the 4th quarter valued at $6,614,000. Finally, AXQ Capital LP bought a new stake in shares of NU during the fourth quarter worth $198,000. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 6.8 %

Shares of NYSE NU opened at $9.57 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 twelve month low of $9.01 and a twelve month high of $16.15. The company’s fifty day moving average is $11.87 and its 200-day moving average is $12.60. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.17 billion. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NU shares. UBS Group decreased 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. JPMorgan Chase & Co. reduced their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, Barclays dropped their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NU currently has an average rating of “Hold” and an average target price of $15.47.

NU Company 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.