WCM Investment Management LLC bought a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,949,908 shares of the company's stock, valued at approximately $66,541,000. WCM Investment Management LLC owned approximately 0.17% of NU at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Artisan Partners Limited Partnership increased its position in shares of NU by 6.6% in the third quarter. Artisan Partners Limited Partnership now owns 75,703,469 shares of the company's stock worth $548,850,000 after acquiring an additional 4,672,092 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of NU by 31.6% in the first quarter. JPMorgan Chase & Co. now owns 72,973,414 shares of the company's stock worth $347,353,000 after acquiring an additional 17,525,819 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of NU by 114.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 65,740,183 shares of the company's stock worth $267,563,000 after acquiring an additional 35,079,798 shares in the last quarter. Morgan Stanley increased its position in shares of NU by 21.5% in the fourth quarter. Morgan Stanley now owns 61,315,907 shares of the company's stock worth $249,556,000 after acquiring an additional 10,863,281 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of NU by 647.3% in the second quarter. BlackRock Inc. now owns 54,900,552 shares of the company's stock worth $433,165,000 after acquiring an additional 47,554,011 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.
NU Stock Performance
NYSE:NU traded down $0.26 during trading hours on Friday, hitting $11.29. 17,482,320 shares of the company traded hands, compared to its average volume of 20,258,666. The stock has a market capitalization of $53.00 billion, a price-to-earnings ratio of 53.76, a P/E/G ratio of 0.56 and a beta of 1.08. Nu Holdings Ltd. has a twelve month low of $4.42 and a twelve month high of $12.39. The firm has a 50-day moving average of $11.15 and a 200 day moving average of $9.28. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18.
NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a net margin of 12.84% and a return on equity of 20.02%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the company earned $0.03 earnings per share. On average, analysts forecast that Nu Holdings Ltd. will post 0.39 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on NU. TheStreet raised shares of NU from a "c+" rating to a "b" rating in a research report on Friday, March 8th. UBS Group boosted their price objective on shares of NU from $10.50 to $11.50 and gave the company a "buy" rating in a research report on Monday, January 29th. Finally, Susquehanna boosted their price objective on shares of NU from $11.00 to $12.00 and gave the company a "positive" rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $9.67.
Check Out Our Latest Analysis on NU
NU Company Profile
(
Free Report)
Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.
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