Jefferies Financial Group Inc. Takes Position in Nu Holdings Ltd. (NYSE:NU)

Jefferies Financial Group Inc. bought a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 129,103 shares of the company's stock, valued at approximately $1,338,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Baillie Gifford & Co. boosted its holdings in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares during the last quarter. Norges Bank bought a new stake in NU in the fourth quarter valued at approximately $447,762,000. Geode Capital Management LLC boosted its holdings in NU by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after acquiring an additional 1,179,748 shares during the last quarter. Northern Trust Corp boosted its holdings in NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after acquiring an additional 7,930,598 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. boosted its holdings in NU by 14.9% in the fourth quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock valued at $218,700,000 after acquiring an additional 2,741,700 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NU opened at $13.49 on Thursday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The business's fifty day moving average is $11.34 and its 200 day moving average is $12.10. 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 stock has a market cap of $65.00 billion, a P/E ratio of 33.73, a P/E/G ratio of 0.48 and a beta of 1.11.

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

Analyst Ratings Changes

Several brokerages recently commented on NU. Barclays upped their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Susquehanna increased their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday. Finally, UBS Group cut their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $15.13.

NU Company 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.

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