SBI Securities Co. Ltd. Buys New Holdings in Nu Holdings Ltd. (NYSE:NU)

SBI Securities Co. Ltd. purchased a new position in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, Holdings Channel reports. The fund purchased 167,716 shares of the company’s stock, valued at approximately $1,738,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its position in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Jennison Associates LLC increased its stake in NU by 7.1% in the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after purchasing an additional 6,435,526 shares during the last quarter. State Street Corp raised its holdings in 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 purchasing an additional 40,560,986 shares in the last quarter. FMR LLC lifted its position in shares of NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

Shares of NYSE NU opened at $10.77 on Monday. 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 company has a market cap of $51.31 billion, a PE ratio of 26.92, a P/E/G ratio of 0.48 and a beta of 1.10. The stock has a fifty day moving average price of $11.95 and a 200 day moving average price of $13.21. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NU has been the topic of several research analyst reports. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and cut their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. The Goldman Sachs Group increased 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. Finally, Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.47.

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.