284,492 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by Ninety One UK Ltd

Ninety One UK Ltd purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 284,492 shares of the company's stock, valued at approximately $2,370,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its stake in NU by 647.3% in the 2nd quarter. BlackRock Inc. now owns 54,900,552 shares of the company's stock valued at $433,165,000 after buying an additional 47,554,011 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in NU by 114.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 65,740,183 shares of the company's stock valued at $267,563,000 after purchasing an additional 35,079,798 shares during the period. State Street Corp boosted its holdings in NU by 804.5% in the 2nd quarter. State Street Corp now owns 24,950,653 shares of the company's stock valued at $196,861,000 after purchasing an additional 22,192,009 shares during the period. JPMorgan Chase & Co. boosted its holdings in NU by 31.6% in the 1st quarter. JPMorgan Chase & Co. now owns 72,973,414 shares of the company's stock valued at $347,353,000 after purchasing an additional 17,525,819 shares during the period. Finally, Wasatch Advisors Inc. bought a new stake in NU in the 1st quarter valued at $129,071,000. Institutional investors and hedge funds own 80.90% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NU shares. UBS Group increased their price target on shares of NU from $10.50 to $11.50 and gave the company a "buy" rating in a report on Monday, January 29th. Susquehanna increased their price target on shares of NU from $11.00 to $12.00 and gave the company a "positive" rating in a report on Friday, February 23rd. Finally, TheStreet raised shares of NU from a "c+" rating to a "b" rating in a report on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.67.

NU Price Performance

Shares of NYSE:NU traded down $0.19 during midday trading on Friday, reaching $10.47. 27,073,033 shares of the company's stock were exchanged, compared to its average volume of 30,998,395. The company's 50 day simple moving average is $11.26 and its two-hundred day simple moving average is $9.39. The firm has a market capitalization of $49.15 billion, a PE ratio of 49.86, a price-to-earnings-growth ratio of 0.53 and a beta of 1.08. Nu Holdings Ltd. has a 12 month low of $4.69 and a 12 month high of $12.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (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 firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the business earned $0.03 earnings per share. Equities research analysts expect that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.

NU Company Profile

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.