Jennison Associates LLC increased its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 160.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,813,072 shares of the company's stock after acquiring an additional 40,584,189 shares during the quarter. Jennison Associates LLC owned approximately 1.40% of NU worth $548,223,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. WCM Investment Management LLC acquired a new stake in shares of NU in the fourth quarter worth $66,541,000. Coronation Fund Managers Ltd. boosted its position in shares of NU by 206.7% in the third quarter. Coronation Fund Managers Ltd. now owns 9,895,883 shares of the company's stock worth $71,745,000 after buying an additional 6,669,502 shares during the period. AlpInvest Partners B.V. boosted its position in shares of NU by 180.0% in the third quarter. AlpInvest Partners B.V. now owns 9,646,318 shares of the company's stock worth $69,936,000 after buying an additional 6,201,124 shares during the period. Advent International L.P. boosted its position in NU by 28.6% during the third quarter. Advent International L.P. now owns 23,774,907 shares of the company's stock valued at $172,368,000 after purchasing an additional 5,283,562 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in NU by 46.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 16,201,381 shares of the company's stock valued at $117,460,000 after purchasing an additional 5,129,796 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.
NU Stock Performance
Shares of NU stock traded up $0.12 during trading on Monday, reaching $10.61. The company's stock had a trading volume of 20,051,412 shares, compared to its average volume of 30,858,393. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The business's fifty day moving average price is $11.28 and its 200-day moving average price is $9.45. The firm has a market cap of $49.79 billion, a price-to-earnings ratio of 50.50, a price-to-earnings-growth ratio of 0.51 and a beta of 1.08. Nu Holdings Ltd. has a one year low of $4.85 and a one year high of $12.39.
NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same quarter in the previous year, the firm posted $0.03 earnings per share. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.39 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on NU. TheStreet raised NU from a "c+" rating to a "b" rating in a research report on Friday, March 8th. Susquehanna lifted their price objective on NU from $11.00 to $12.00 and gave the company a "positive" rating in a research report on Friday, February 23rd. UBS Group lifted their price objective on NU from $10.50 to $11.50 and gave the company a "buy" rating in a research report on Monday, January 29th. Finally, KeyCorp lifted their price objective on NU from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, NU currently has a consensus rating of "Moderate Buy" and an average price target of $10.00.
Check Out Our Latest Stock Report on NU
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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