Public Investment Fund Boosts Holdings in Nu Holdings Ltd. (NYSE:NU)

Public Investment Fund increased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 79.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,825,796 shares of the company's stock after acquiring an additional 3,023,316 shares during the period. Public Investment Fund owned about 0.14% of NU worth $70,715,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. raised its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after buying an additional 14,875,891 shares during the last quarter. Norges Bank bought a new stake in NU in the 4th quarter valued at $447,762,000. Geode Capital Management LLC lifted its stake in NU by 3.6% in the 4th 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 in the last quarter. Kontiki Capital Management HK Ltd. boosted its holdings in shares of NU by 14.9% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock valued at $218,700,000 after purchasing an additional 2,741,700 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of NU by 5.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company's stock valued at $218,026,000 after purchasing an additional 1,067,992 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NU. UBS Group dropped their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. One equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.47.

NU Stock Down 1.3 %

NU stock traded down $0.16 on Wednesday, hitting $12.25. 24,928,366 shares of the company's stock were exchanged, compared to its average volume of 40,984,452. The firm has a 50 day moving average price of $10.94 and a two-hundred day moving average price of $12.22. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The stock has a market cap of $58.38 billion, a P/E ratio of 30.63, 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 issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting 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.

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.