Trustees of Columbia University in the City of New York Takes $1.13 Million Position in Nu Holdings Ltd. (NYSE:NU)

Trustees of Columbia University in the City of New York purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 108,588 shares of the company's stock, valued at approximately $1,125,000. NU comprises approximately 0.2% of Trustees of Columbia University in the City of New York's holdings, making the stock its 3rd biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Piscataqua Savings Bank boosted its holdings in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after purchasing an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after acquiring an additional 3,215 shares during the period. Campbell Capital Management Inc. acquired a new stake in shares of NU during the 4th quarter valued at approximately $52,000. Cliffwater LLC acquired a new stake in shares of NU during the 4th quarter valued at approximately $57,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of NU during the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. 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 report on Tuesday, February 18th. Susquehanna lifted their price objective on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Finally, Barclays lifted their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.13.

NU Trading Down 6.0%

NU traded down $0.76 during trading on Wednesday, hitting $12.01. The company's stock had a trading volume of 93,655,375 shares, compared to its average volume of 43,013,302. The firm's 50 day moving average price is $11.53 and its 200-day moving average price is $12.02. 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 cap of $57.85 billion, a PE ratio of 30.02, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same quarter last year, the firm posted $0.09 earnings per share. On average, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.