Andra AP fonden Raises Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Andra AP fonden increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 77.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,345,000 shares of the company’s stock after buying an additional 1,026,100 shares during the period. Andra AP fonden’s holdings in NU were worth $24,294,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NU. Harbor Capital Advisors Inc. purchased a new stake in shares of NU during the 3rd quarter worth $581,000. National Pension Service purchased a new stake in shares of NU during the 3rd quarter worth $11,477,000. Asset Management One Co. Ltd. purchased a new stake in shares of NU during the 3rd quarter worth $5,041,000. Gulf International Bank UK Ltd purchased a new stake in shares of NU during the 3rd quarter worth $3,046,000. Finally, Malaga Cove Capital LLC purchased a new stake in shares of NU during the 3rd quarter worth $313,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 2.0 %

Shares of NU stock opened at $10.66 on Friday. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week 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 firm has a market capitalization of $50.78 billion, a PE ratio of 26.64, a P/E/G ratio of 0.48 and a beta of 1.14. The stock’s 50-day simple moving average is $11.97 and its 200-day simple moving average is $13.13.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on NU shares. JPMorgan Chase & Co. reduced their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group upped their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group reduced their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the company an “overweight” 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 company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.