Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,112,243 shares of the company’s stock after purchasing an additional 107,221 shares during the period. Barclays PLC’s holdings in NU were worth $11,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Piscataqua Savings Bank boosted its holdings in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in shares of NU in the 4th quarter valued at about $52,000. Whipplewood Advisors LLC purchased a new position in NU during the fourth quarter worth approximately $62,000. Ethos Financial Group LLC acquired a new stake in 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.

NU Stock Down 2.8 %

Shares of NU opened at $10.69 on Tuesday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. 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 fifty day simple moving average of $11.15 and a two-hundred day simple moving average of $12.28. The company has a market capitalization of $50.95 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NU shares. Barclays reduced their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, NU currently has an average rating of “Moderate Buy” and an average target price of $15.36.

About NU

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.