Northwest & Ethical Investments L.P. Buys 15,351 Shares of Nu Holdings Ltd. (NYSE:NU)

Northwest & Ethical Investments L.P. raised its stake in Nu Holdings Ltd. (NYSE:NU) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 232,615 shares of the company’s stock after buying an additional 15,351 shares during the period. Northwest & Ethical Investments L.P.’s holdings in NU were worth $2,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NU. State Street Corp lifted its holdings in NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares during the period. Geode Capital Management LLC raised its position in shares of NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after acquiring an additional 16,638,397 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NU by 458.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after purchasing an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in NU by 122.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after purchasing an additional 8,806,495 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NU shares. Barclays dropped their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. cut their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and decreased their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, UBS Group cut their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.47.

NU Price Performance

NU stock opened at $11.39 on Friday. The company has a market capitalization of $54.26 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15. The business has a 50-day simple moving average of $12.04 and a two-hundred day simple moving average of $12.90. 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) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. 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.