Dynamo Administracao de Recursos Ltda. boosted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 2,322.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 668,937 shares of the company's stock after acquiring an additional 641,326 shares during the period. NU accounts for about 19.7% of Dynamo Administracao de Recursos Ltda.'s holdings, making the stock its 2nd biggest position. Dynamo Administracao de Recursos Ltda.'s holdings in NU were worth $6,930,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in NU during the 4th quarter valued at about $447,762,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of NU by 2,193.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock worth $187,611,000 after purchasing an additional 17,319,681 shares during the period. D1 Capital Partners L.P. bought a new position in NU during the 4th quarter valued at about $154,209,000. Baillie Gifford & Co. grew its stake in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of NU in the 4th quarter worth $92,194,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.
NU Price Performance
NYSE NU opened at $12.43 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a 50-day simple moving average of $10.97 and a 200 day simple moving average of $12.23. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The stock has a market capitalization of $59.90 billion, a PE ratio of 31.08, a P/E/G ratio of 0.48 and a beta of 1.14.
NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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%. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on NU shares. UBS Group reduced their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Barclays boosted their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.47.
Check Out Our Latest Analysis on NU
NU Profile
(
Free Report)
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.
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