William Blair Investment Management LLC Increases Stock Position in Nu Holdings Ltd. (NYSE:NU)

William Blair Investment Management LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 42.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,026,222 shares of the company’s stock after purchasing an additional 1,808,315 shares during the quarter. William Blair Investment Management LLC’s holdings in NU were worth $62,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NU. Piscataqua Savings Bank grew its position in NU by 500.0% in 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 during the last quarter. Huntington National Bank grew its position in NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after buying an additional 2,131 shares during the last quarter. Campbell Capital Management Inc. purchased a new position in NU in the 4th quarter valued at $52,000. Whipplewood Advisors LLC purchased a new position in NU in the 4th quarter valued at $62,000. Finally, Ethos Financial Group LLC purchased a new position in NU in the 4th quarter valued at $82,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of a number of analyst reports. UBS Group lowered 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. JPMorgan Chase & Co. decreased their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Barclays decreased their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.47.

NU Trading Up 0.8 %

NYSE:NU opened at $11.83 on Tuesday. The company has a market capitalization of $56.36 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15. The stock has a fifty day simple moving average of $12.02 and a 200-day simple moving average of $12.94.

NU (NYSE:NU) last released 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%. On average, equities research analysts expect 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.