NZS Capital LLC Grows Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

NZS Capital LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,528,780 shares of the company's stock after buying an additional 76,595 shares during the quarter. NZS Capital LLC's holdings in NU were worth $15,838,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in NU in the fourth quarter worth $447,762,000. Arrowstreet Capital Limited Partnership boosted its position in shares of NU by 2,193.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock worth $187,611,000 after purchasing an additional 17,319,681 shares in the last quarter. D1 Capital Partners L.P. bought a new stake in NU in the 4th quarter valued at about $154,209,000. Baillie Gifford & Co. boosted its holdings in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company's stock valued at $165,850,000 after acquiring an additional 8,806,495 shares during the period. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NU. UBS Group cut their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Barclays lifted their price objective on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.47.

NU Stock Performance

NU stock traded up $0.14 during mid-day trading on Friday, hitting $12.48. The company had a trading volume of 28,945,036 shares, compared to its average volume of 41,192,110. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The stock's fifty day moving average price is $11.00 and its two-hundred day moving average price is $12.21. The firm has a market cap of $60.11 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.