Nuveen Asset Management LLC Purchases 1,417,910 Shares of Nu Holdings Ltd. (NYSE:NU)

Nuveen Asset Management LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,378,076 shares of the company's stock after purchasing an additional 1,417,910 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.51% of NU worth $252,557,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NU. Barclays PLC increased its holdings in shares of NU by 55.7% in the third quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after buying an additional 359,733 shares during the period. Principal Financial Group Inc. grew its position in NU by 315.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company's stock worth $15,745,000 after acquiring an additional 876,039 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock valued at $716,000 after purchasing an additional 1,000 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in NU by 85.8% during the 4th quarter. AdvisorNet Financial Inc now owns 42,612 shares of the company's stock valued at $441,000 after buying an additional 19,675 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of NU by 57.7% during the fourth quarter. Park Avenue Securities LLC now owns 31,682 shares of the company's stock worth $328,000 after purchasing an additional 11,586 shares during the period. Institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group reduced their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays raised their target price 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. Finally, Susquehanna increased their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, NU currently has a consensus rating of "Moderate Buy" and an average price target of $15.13.

NU Stock Up 0.3%

Shares of NU stock traded up $0.04 during trading on Monday, hitting $13.09. The company's stock had a trading volume of 31,524,633 shares, compared to its average volume of 42,604,629. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a market capitalization of $63.08 billion, a PE ratio of 32.73, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $12.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the business posted $0.09 earnings per share. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share 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.