Ensign Peak Advisors Inc Purchases New Holdings in Nu Holdings Ltd. (NYSE:NU)

Ensign Peak Advisors Inc bought a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 275,250 shares of the company's stock, valued at approximately $2,852,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NU. Baillie Gifford & Co. lifted its position in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Norges Bank purchased a new position in NU during the 4th quarter valued at about $447,762,000. Geode Capital Management LLC increased its stake in NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after purchasing an additional 1,179,748 shares in the last quarter. Northern Trust Corp increased its stake in NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after purchasing an additional 7,930,598 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. increased its stake in NU by 14.9% during the 4th 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 in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NU has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of 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 note on Tuesday, April 8th. UBS Group reduced their price objective 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. Susquehanna raised their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Finally, Barclays lifted their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.13.

NU Stock Performance

Shares of NU traded up $0.04 on Monday, reaching $13.09. The company's stock had a trading volume of 31,524,633 shares, compared to its average volume of 42,604,628. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $63.08 billion, a P/E ratio of 32.73, a PEG ratio of 0.48 and a beta of 1.11. The stock's 50 day simple moving average is $11.45 and its two-hundred day simple moving average is $12.02. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the previous year, the business posted $0.09 EPS. Research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.