Nu Holdings Ltd. (NYSE:NU) Holdings Raised by Glynn Capital Management LLC

Glynn Capital Management LLC raised its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 9.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,922,958 shares of the company’s stock after buying an additional 166,098 shares during the period. NU comprises about 4.7% of Glynn Capital Management LLC’s portfolio, making the stock its 9th largest holding. Glynn Capital Management LLC’s holdings in NU were worth $19,922,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Piscataqua Savings Bank raised its position in NU by 500.0% during 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. Huntington National Bank grew its stake in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares during the period. Campbell Capital Management Inc. purchased a new position in shares of NU during the 4th quarter valued at approximately $52,000. Whipplewood Advisors LLC acquired a new position in shares of NU in the 4th quarter valued at $62,000. Finally, Ethos Financial Group LLC purchased a new stake in NU during the fourth quarter worth $82,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

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

NU Price Performance

Shares of NU stock opened at $11.52 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business has a 50 day simple moving average of $12.02 and a two-hundred day simple moving average of $12.91. The stock has a market capitalization of $54.88 billion, a P/E ratio of 28.79, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15.

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