Nissay Asset Management Corp Japan ADV Has $2.57 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Nissay Asset Management Corp Japan ADV boosted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,669 shares of the company's stock after buying an additional 27,394 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in NU were worth $2,569,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NU. OneAscent Wealth Management LLC increased its holdings in NU by 6.5% in the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock worth $129,000 after buying an additional 760 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its stake in NU by 2.0% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock valued at $579,000 after acquiring an additional 1,000 shares during the last quarter. Blue Trust Inc. grew its position in NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock worth $226,000 after acquiring an additional 1,011 shares in the last quarter. Quarry LP increased its stake in shares of NU by 15.3% during the 4th quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its holdings in shares of NU by 9.9% during the 4th quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company's stock valued at $152,000 after purchasing an additional 1,216 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NU. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Barclays upped their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Susquehanna raised their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.13.

NU Stock Performance

NU stock traded down $0.33 during mid-day trading on Friday, reaching $11.93. 33,869,614 shares of the stock traded hands, compared to its average volume of 43,153,047. The firm has a market capitalization of $57.46 billion, a PE ratio of 29.84, a P/E/G ratio of 0.48 and a beta of 1.11. The business has a 50-day moving average of $11.54 and a two-hundred day moving average of $12.00. 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.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same period in the prior year, the firm posted $0.09 EPS. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.