UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 5,084,960 Shares of Nu Holdings Ltd. (NYSE:NU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 35.9% in the 4th quarter, Holdings Channel reports. The fund owned 19,232,309 shares of the company’s stock after buying an additional 5,084,960 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NU were worth $199,247,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Baader Bank Aktiengesellschaft increased its stake in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after acquiring an additional 58,183 shares in the last quarter. Baillie Gifford & Co. grew its position in NU by 7.1% during 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 last quarter. Barclays PLC grew its position in NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after purchasing an additional 359,733 shares during the last quarter. KBC Group NV grew its position in NU by 314.8% during the 4th quarter. KBC Group NV now owns 633,708 shares of the company’s stock valued at $6,565,000 after purchasing an additional 480,922 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC grew its position in NU by 131.7% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 37,992 shares of the company’s stock valued at $394,000 after purchasing an additional 21,592 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NU opened at $12.26 on Friday. The company has a 50 day moving average price of $11.54 and a 200-day moving average price of $12.00. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The stock has a market capitalization of $59.08 billion, a PE ratio of 30.65, a PEG ratio of 0.48 and a beta of 1.11. 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 issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same quarter in the previous year, the company posted $0.09 EPS. Equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group dropped their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Barclays raised their price target on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Susquehanna raised their price objective on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

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.