Mmbg Investment Advisors CO. Takes $420,000 Position in Nu Holdings Ltd. (NYSE:NU)

Mmbg Investment Advisors CO. acquired a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 40,515 shares of the company's stock, valued at approximately $420,000.

A number of other hedge funds have also recently modified their holdings of the business. Baader Bank Aktiengesellschaft lifted its holdings in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after acquiring an additional 58,183 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the last quarter. Barclays PLC increased its holdings in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock valued at $13,718,000 after purchasing an additional 359,733 shares during the period. Carnegie Investment Counsel boosted its position in shares of NU by 5.4% in the fourth quarter. Carnegie Investment Counsel now owns 1,347,980 shares of the company's stock valued at $13,965,000 after acquiring an additional 68,850 shares during the period. Finally, Artemis Investment Management LLP increased its stake in shares of NU by 73.3% in the fourth quarter. Artemis Investment Management LLP now owns 571,753 shares of the company's stock valued at $5,923,000 after buying an additional 241,907 shares in the last quarter. Institutional investors own 84.02% of the company's stock.

NU Trading Up 0.3%

Shares of NU stock opened at $12.84 on Monday. The stock 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. The firm has a fifty day moving average price of $11.19 and a 200 day moving average price of $12.10. 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 1 year low of $9.01 and a 1 year high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.17 billion. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on NU. UBS Group decreased their price objective 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. upgraded shares of NU from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Barclays boosted their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, NU currently has an average rating of "Moderate Buy" and an average target price of $15.47.

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.

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