900,930 Shares in Nu Holdings Ltd. (NYSE:NU) Acquired by Van ECK Associates Corp

Van ECK Associates Corp acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 900,930 shares of the company’s stock, valued at approximately $7,505,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Artisan Partners Limited Partnership grew its stake in shares of NU by 6.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 75,703,469 shares of the company’s stock worth $548,850,000 after purchasing an additional 4,672,092 shares during the period. Jennison Associates LLC grew its stake in shares of NU by 160.9% during the 4th quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock worth $548,223,000 after purchasing an additional 40,584,189 shares during the period. Morgan Stanley grew its stake in shares of NU by 7.1% during the 3rd quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock worth $444,138,000 after purchasing an additional 4,044,904 shares during the period. Sands Capital Management LLC grew its stake in shares of NU by 5.4% during the 3rd quarter. Sands Capital Management LLC now owns 44,228,248 shares of the company’s stock worth $320,655,000 after purchasing an additional 2,274,819 shares during the period. Finally, FMR LLC grew its stake in NU by 8.4% in the 3rd quarter. FMR LLC now owns 26,949,489 shares of the company’s stock valued at $195,384,000 after acquiring an additional 2,088,585 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Trading Up 6.7 %

Shares of NU stock opened at $11.69 on Friday. The stock’s fifty day moving average is $11.38 and its two-hundred day moving average is $9.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market capitalization of $54.88 billion, a P/E ratio of 55.67, a PEG ratio of 0.54 and a beta of 1.11. Nu Holdings Ltd. has a fifty-two week low of $5.18 and a fifty-two week high of $12.39.

NU (NYSE:NU) last announced its quarterly earnings data 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). The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same quarter in the previous year, the business posted $0.03 EPS. Research analysts expect that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the topic of a number of research analyst reports. KeyCorp lifted their price target on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. TheStreet raised shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Susquehanna lifted their price target on shares of NU from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Finally, UBS Group lifted their price target on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

About NU

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.