Verde Servicos Internacionais S.A. acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 105,779 shares of the company's stock, valued at approximately $881,000. NU accounts for 0.4% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 21st largest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Itau Unibanco Holding S.A. boosted its position in shares of NU by 401.5% in the third quarter. Itau Unibanco Holding S.A. now owns 1,143,834 shares of the company's stock worth $8,293,000 after buying an additional 915,773 shares during the period. Morgan Stanley boosted its position in shares of NU by 7.1% in the third quarter. Morgan Stanley now owns 61,260,423 shares of the company's stock worth $444,138,000 after buying an additional 4,044,904 shares during the period. Hsbc Holdings PLC lifted its stake in shares of NU by 39.0% in the third quarter. Hsbc Holdings PLC now owns 1,120,216 shares of the company's stock worth $8,141,000 after acquiring an additional 314,131 shares in the last quarter. Raymond James & Associates lifted its stake in shares of NU by 1,235.7% in the fourth quarter. Raymond James & Associates now owns 371,729 shares of the company's stock worth $3,096,000 after acquiring an additional 343,899 shares in the last quarter. Finally, Washington University lifted its stake in shares of NU by 21.9% in the third quarter. Washington University now owns 15,816,850 shares of the company's stock worth $114,672,000 after acquiring an additional 2,841,291 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on NU. TheStreet upgraded NU from a "c+" rating to a "b" rating in a research note on Friday, March 8th. UBS Group increased their target price on NU from $10.50 to $11.50 and gave the stock a "buy" rating in a report on Monday, January 29th. Finally, Susquehanna boosted their price target on NU from $11.00 to $12.00 and gave the company a "positive" rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $9.67.
Check Out Our Latest Analysis on NU
NU Stock Performance
NYSE NU traded down $0.18 during trading hours on Friday, reaching $10.48. The company's stock had a trading volume of 27,078,479 shares, compared to its average volume of 17,532,356. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $11.26 and a 200 day simple moving average of $9.43. Nu Holdings Ltd. has a 52 week low of $4.69 and a 52 week high of $12.39. The stock has a market cap of $49.20 billion, a PE ratio of 49.91, a PEG ratio of 0.51 and a beta of 1.08.
NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the business earned $0.03 EPS. Equities research analysts predict that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.
NU 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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