Nu Holdings Ltd. (NYSE:NU) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 142.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,658,621 shares of the company's stock after acquiring an additional 1,561,129 shares during the quarter. Wellington Management Group LLP owned about 0.06% of NU worth $27,543,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new position in NU during the fourth quarter worth approximately $50,000. TD Waterhouse Canada Inc. raised its stake in shares of 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. purchased a new position in shares of NU during the 4th quarter valued at approximately $52,000. Cliffwater LLC purchased a new position in shares of NU during the 4th quarter valued at approximately $57,000. Finally, Whipplewood Advisors LLC purchased a new stake in NU in the 4th quarter worth $62,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Down 0.4%

NU stock traded down $0.05 during mid-day trading on Wednesday, hitting $11.94. The company's stock had a trading volume of 13,670,143 shares, compared to its average volume of 43,884,624. The stock's fifty day moving average is $11.64 and its two-hundred day moving average is $11.80. The firm has a market capitalization of $57.53 billion, a PE ratio of 29.85, a price-to-earnings-growth 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 current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Susquehanna boosted 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. Barclays raised their target price 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 lowered their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NU has a consensus rating of "Moderate Buy" and an average target price 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.