UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,232,309 shares of the company's stock after acquiring an additional 5,084,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.40% of NU worth $199,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Piscataqua Savings Bank raised its holdings in NU by 500.0% in the fourth 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 last quarter. TD Waterhouse Canada Inc. increased its holdings in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after buying an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. bought a new position in NU in the fourth quarter worth approximately $52,000. Cliffwater LLC purchased a new position in shares of NU during the 4th quarter worth $57,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of NU during the 4th quarter valued at $62,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Price Performance

Shares of NU traded down $0.04 during midday trading on Tuesday, hitting $11.96. 30,979,396 shares of the company traded hands, compared to its average volume of 43,471,098. The stock has a market cap of $57.61 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 0.48 and a beta of 1.11. The firm has a 50 day moving average of $11.55 and a 200-day moving average of $11.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. 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 released 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 firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same quarter in the prior year, the business earned $0.09 EPS. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the topic of several recent research reports. Barclays raised their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. UBS Group reduced their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Susquehanna increased their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have given 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 price target of $15.13.

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.