Lazard Asset Management LLC Boosts Stock Position in Nu Holdings Ltd. (NYSE:NU)

Lazard Asset Management LLC raised its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,190,218 shares of the company's stock after acquiring an additional 23,198 shares during the period. Lazard Asset Management LLC owned approximately 0.09% of NU worth $43,410,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Piscataqua Savings Bank lifted its holdings in shares of NU by 500.0% during the fourth 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 in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of 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 purchasing an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. bought a new position in shares of NU during the fourth quarter valued at $52,000. Cliffwater LLC bought a new position in shares of NU during the fourth quarter valued at $57,000. Finally, Whipplewood Advisors LLC bought a new position in shares of NU during the fourth quarter valued at $62,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised 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 report on Tuesday, April 8th. Barclays increased 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. Finally, Susquehanna increased their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.13.

NU Price Performance

Shares of NYSE:NU traded down $0.09 during trading on Friday, hitting $13.04. 40,453,732 shares of the company's stock were exchanged, compared to its average volume of 42,591,264. The company has a market cap of $62.83 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 0.48 and a beta of 1.11. The business's 50-day simple moving average is $11.40 and its 200 day simple moving average is $12.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick 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 announced its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter last year, the firm posted $0.09 EPS. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.