Zurcher Kantonalbank Zurich Cantonalbank Acquires 625,397 Shares of Nu Holdings Ltd. (NYSE:NU)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 77.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,433,205 shares of the company’s stock after purchasing an additional 625,397 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NU were worth $14,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Piscataqua Savings Bank raised its holdings in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of NU in the fourth quarter valued at about $62,000. Huntington National Bank raised its holdings in shares of NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares in the last quarter. Ethos Financial Group LLC bought a new stake in shares of NU in the fourth quarter valued at about $82,000. Finally, Berbice Capital Management LLC bought a new stake in shares of NU in the fourth quarter valued at about $93,000. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NU shares. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. The Goldman Sachs Group lifted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. KeyCorp lifted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. cut their target price on NU from $15.00 to $14.00 and set a “neutral” 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 given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.47.

NU Price Performance

Shares of NU stock opened at $10.92 on Thursday. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The firm has a market capitalization of $52.03 billion, a price-to-earnings ratio of 27.30, a PEG 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. The stock’s 50-day simple moving average is $11.99 and its 200-day simple moving average is $13.01.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.