Keystone Investors PTE Ltd. Invests $2.15 Million in Nu Holdings Ltd. (NYSE:NU)

Keystone Investors PTE Ltd. acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 257,597 shares of the company's stock, valued at approximately $2,146,000. NU comprises about 0.2% of Keystone Investors PTE Ltd.'s holdings, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in NU. Huntington National Bank boosted its stake in shares of NU by 1,232.5% during the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company's stock worth $30,000 after acquiring an additional 3,833 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of NU in the fourth quarter valued at $52,000. UMB Bank n.a. bought a new position in shares of NU in the fourth quarter valued at about $55,000. PNC Financial Services Group Inc. raised its position in shares of NU by 37.1% in the third quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company's stock valued at $60,000 after purchasing an additional 2,258 shares during the period. Finally, ProVise Management Group LLC acquired a new stake in shares of NU during the 3rd quarter worth about $74,000. 80.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

NU has been the subject of a number of research analyst reports. Susquehanna boosted their price objective on NU from $12.00 to $14.00 and gave the stock a "positive" rating in a report on Wednesday. KeyCorp raised their price target on shares of NU from $12.00 to $13.00 and gave the stock an "overweight" rating in a research report on Monday, April 22nd. 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 report on Monday, January 29th. Finally, TheStreet upgraded shares of NU from a "c+" rating to a "b" rating in a research report on Friday, March 8th. Two 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 currently has an average rating of "Moderate Buy" and a consensus price target of $10.22.

NU Price Performance

Shares of NYSE NU traded up $0.54 during trading hours on Wednesday, hitting $12.10. 55,747,010 shares of the stock were exchanged, compared to its average volume of 29,393,592. The company's fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $9.84. The company has a market cap of $56.78 billion, a PE ratio of 59.34, a price-to-earnings-growth ratio of 0.56 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.38 and a current ratio of 0.38. Nu Holdings Ltd. has a 1-year low of $5.80 and a 1-year high of $12.49.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). NU had a net margin of 12.84% and a return on equity of 20.02%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the business posted $0.03 EPS. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.39 EPS for the current 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.