Polen Capital Management LLC Makes New $23.24 Million Investment in Nu Holdings Ltd. (NYSE:NU)

Polen Capital Management LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,243,471 shares of the company’s stock, valued at approximately $23,242,000.

Several other large investors have also recently bought and sold shares of the company. Piscataqua Savings Bank lifted its stake in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the period. Campbell Capital Management Inc. acquired a new position in shares of NU in the 4th quarter valued at $52,000. Whipplewood Advisors LLC acquired a new position in shares of NU in the 4th quarter valued at $62,000. Huntington National Bank lifted its stake in shares of NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after purchasing an additional 2,131 shares during the period. Finally, Ethos Financial Group LLC acquired a new stake in NU during the 4th quarter worth $82,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NU. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, Barclays dropped their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.47.

NU Price Performance

NU stock opened at $11.75 on Monday. The stock has a 50-day moving average price of $12.00 and a two-hundred day moving average price of $12.95. The stock has a market cap of $55.98 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15.

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

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.