Oak Grove Capital LLC Has $4.90 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Oak Grove Capital LLC raised its position in Nu Holdings Ltd. (NYSE:NU) by 101.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 473,082 shares of the company’s stock after acquiring an additional 237,775 shares during the period. NU comprises 0.7% of Oak Grove Capital LLC’s portfolio, making the stock its 23rd biggest position. Oak Grove Capital LLC’s holdings in NU were worth $4,901,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp grew its position in NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. lifted its position in NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after buying an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 acquiring an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position 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 acquiring an additional 8,806,495 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NU has been the subject of several recent research reports. UBS Group reduced their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. decreased their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, Susquehanna lifted their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.47.

NU Stock Performance

NYSE NU opened at $10.46 on Wednesday. The stock has a market cap of $49.83 billion, a PE ratio of 26.14, a P/E/G ratio of 0.48 and a beta of 1.10. 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 firm has a 50-day moving average of $11.95 and a 200-day moving average of $13.16. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (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 firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current 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.