Jacobs Levy Equity Management Inc. raised its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,587,873 shares of the company's stock after acquiring an additional 1,251,358 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.22% of NU worth $109,690,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of NU. Piscataqua Savings Bank grew its position in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after purchasing an additional 2,500 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of NU by 190.8% in 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 period. Campbell Capital Management Inc. bought a new stake in shares of NU during the fourth quarter worth $52,000. Cliffwater LLC acquired a new stake in shares of NU during the fourth quarter worth $57,000. Finally, Whipplewood Advisors LLC bought a new stake in NU in the 4th quarter valued at $62,000. 84.02% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Barclays increased their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, UBS Group reduced their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, NU has an average rating of "Moderate Buy" and a consensus target price of $15.47.
Check Out Our Latest Stock Report on NU
NU Price Performance
Shares of NYSE NU opened at $12.84 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business's 50 day moving average price is $11.19 and its two-hundred day moving average price is $12.12. The company has a market cap of $61.87 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. On average, analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.
NU Profile
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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.
See Also
Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NU - Free Report).
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