OneDigital Investment Advisors LLC Buys 46,849 Shares of Nu Holdings Ltd. (NYSE:NU)

OneDigital Investment Advisors LLC raised its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 176.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,326 shares of the company's stock after buying an additional 46,849 shares during the period. OneDigital Investment Advisors LLC's holdings in NU were worth $760,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Baillie Gifford & Co. increased its stake in shares of 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 purchasing an additional 14,875,891 shares during the period. Norges Bank bought a new position in shares of NU in the fourth quarter worth about $447,762,000. Geode Capital Management LLC increased its stake in shares of NU by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after purchasing an additional 1,179,748 shares during the period. Kontiki Capital Management HK Ltd. increased its stake in shares of NU by 14.9% in the fourth quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock worth $218,700,000 after purchasing an additional 2,741,700 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of NU by 5.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company's stock worth $218,026,000 after purchasing an additional 1,067,992 shares during the period. 84.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NU shares. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group decreased their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, NU has an average rating of "Moderate Buy" and an average target price of $15.47.

NU Price Performance

Shares of NYSE:NU traded down $0.09 during midday trading on Thursday, reaching $12.35. The company's stock had a trading volume of 32,755,999 shares, compared to its average volume of 52,172,918. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company has a market capitalization of $59.49 billion, a P/E ratio of 30.86, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business's fifty day simple moving average is $10.97 and its 200-day simple moving average is $12.23.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. The company 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%. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company Profile

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.