Handelsbanken Fonder AB Increases Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Handelsbanken Fonder AB boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 31.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,189,159 shares of the company’s stock after acquiring an additional 281,742 shares during the quarter. Handelsbanken Fonder AB’s holdings in NU were worth $12,320,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its position 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 acquiring an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. grew its stake in NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after purchasing an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC increased its holdings in NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NU by 458.3% in the 3rd 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 in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of NU by 122.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after buying an additional 8,806,495 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Down 19.2 %

NYSE NU opened at $10.78 on Friday. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The company has a market capitalization of $51.35 billion, a P/E ratio of 26.94, a PEG ratio of 0.48 and a beta of 1.10. The company’s 50 day simple moving average is $11.92 and its 200 day simple moving average is $13.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The company 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%. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NU has been the subject of a number of research analyst reports. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. UBS Group dropped their target price 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. The Goldman Sachs Group increased their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.80.

NU 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.