SurgoCap Partners LP raised its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,151,552 shares of the company's stock after buying an additional 147,375 shares during the quarter. NU makes up approximately 3.8% of SurgoCap Partners LP's holdings, making the stock its 10th largest holding. SurgoCap Partners LP owned 0.15% of NU worth $74,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Baader Bank Aktiengesellschaft boosted its stake in shares of NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock valued at $3,680,000 after buying an additional 58,183 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. Barclays PLC boosted its position in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock valued at $13,718,000 after purchasing an additional 359,733 shares during the period. Artemis Investment Management LLP lifted its stake in NU by 73.3% in the 4th quarter. Artemis Investment Management LLP now owns 571,753 shares of the company's stock worth $5,923,000 after acquiring an additional 241,907 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of NU by 314.8% during the 4th quarter. KBC Group NV now owns 633,708 shares of the company's stock worth $6,565,000 after purchasing an additional 480,922 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.
NU Stock Down 6.0%
NU stock traded down $0.76 during mid-day trading on Wednesday, reaching $12.01. The company had a trading volume of 93,655,375 shares, compared to its average volume of 43,013,302. 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 50 day simple moving average of $11.53 and a two-hundred day simple moving average of $12.02. The company has a market capitalization of $57.85 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15.
NU (NYSE:NU - Get Free Report) last announced 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). NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Susquehanna boosted their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Barclays boosted their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, UBS Group decreased their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.13.
Get Our Latest Stock Analysis on NU
NU Company 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.
Further Reading
Before you consider NU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NU wasn't on the list.
While NU currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
