14,500 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,500 shares of the company’s stock, valued at approximately $150,000. NU makes up about 0.1% of RWQ Financial Management Services Inc.’s holdings, making the stock its 23rd biggest holding.

A number of other large investors have also modified their holdings of NU. State Street Corp grew its holdings in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after buying an additional 16,638,397 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of NU by 7.1% in the fourth 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after purchasing an additional 11,613,191 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after purchasing an additional 8,806,495 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Down 4.7 %

Shares of NU opened at $11.39 on Friday. The stock has a market capitalization of $54.26 billion, a PE ratio of 28.47, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. 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 company’s 50-day simple moving average is $12.04 and its 200-day simple moving average is $12.90.

NU (NYSE:NU) last issued 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 for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About NU

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.