Prudential PLC Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

Prudential PLC lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 40.1% during the 4th quarter, HoldingsChannel reports. The firm owned 425,838 shares of the company’s stock after acquiring an additional 121,881 shares during the period. Prudential PLC’s holdings in NU were worth $4,412,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Piscataqua Savings Bank increased its position in NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. bought a new position in shares of NU during the fourth quarter valued at $52,000. Whipplewood Advisors LLC bought a new position in shares of NU during the fourth quarter valued at $62,000. Ethos Financial Group LLC bought a new position in NU in the 4th quarter worth about $82,000. Finally, Berbice Capital Management LLC purchased a new stake in NU during the 4th quarter valued at about $93,000. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

NYSE NU opened at $9.57 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market capitalization of $45.61 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14. The business’s fifty day moving average price is $11.87 and its 200-day moving average price is $12.60.

NU (NYSE:NU) last posted 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 for 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%. On average, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NU has been the subject of several recent analyst reports. UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, Barclays cut their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, NU currently has a consensus rating of “Hold” and a consensus target price of $15.47.

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.