Lansforsakringar Fondforvaltning AB publ Takes Position in Nu Holdings Ltd. (NYSE:NU)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 540,291 shares of the company's stock, valued at approximately $5,597,000.

Several other institutional investors have also recently bought and sold shares of NU. Orion Capital Management LLC bought a new stake in shares of NU during the fourth quarter worth $50,000. TD Waterhouse Canada Inc. raised its position in shares of NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after acquiring an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. bought a new stake in shares of NU during the fourth quarter worth $52,000. Cliffwater LLC bought a new stake in shares of NU during the fourth quarter worth $57,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of NU during the fourth quarter worth $62,000. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

NU has been the subject of a number of recent research reports. Barclays boosted their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group decreased 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, Susquehanna lifted their price objective on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.13.

NU Price Performance

NYSE:NU traded down $0.03 during trading hours on Monday, reaching $11.99. 48,108,190 shares of the company were exchanged, compared to its average volume of 43,986,544. The company has a market capitalization of $57.75 billion, a P/E ratio of 29.96, a P/E/G ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. 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 business has a 50 day moving average of $11.62 and a 200 day moving average of $11.80.

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

NU 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.