UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 5,084,960 Shares of Nu Holdings Ltd. (NYSE:NU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 35.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,232,309 shares of the company's stock after buying an additional 5,084,960 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.40% of NU worth $199,247,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Piscataqua Savings Bank raised its stake in NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after buying an additional 2,500 shares during the period. TD Waterhouse Canada Inc. raised its stake in NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after buying an additional 3,215 shares during the period. Campbell Capital Management Inc. acquired a new stake in NU during the 4th quarter worth $52,000. Cliffwater LLC acquired a new stake in NU during the 4th quarter worth $57,000. Finally, Whipplewood Advisors LLC acquired a new stake in NU during the 4th quarter worth $62,000. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Up 1.9%

Shares of NYSE NU traded up $0.23 during mid-day trading on Wednesday, hitting $12.17. The company had a trading volume of 20,288,857 shares, compared to its average volume of 43,421,194. The company has a market capitalization of $58.62 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The firm has a 50-day simple moving average of $11.57 and a two-hundred day simple moving average of $11.92. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a one year low of $9.01 and a one year 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 the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business earned $0.09 EPS. On average, equities analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays lifted their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Susquehanna lifted their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. UBS Group dropped 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. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One research 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.com, NU currently has an average rating of "Moderate Buy" and an average price target of $15.13.

About NU

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.