Nu Holdings Ltd. (NYSE:NU) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its stake in Nu Holdings Ltd. (NYSE:NU) by 24.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,539,186 shares of the company’s stock after buying an additional 494,746 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of NU worth $26,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Piscataqua Savings Bank grew its position in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring 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 purchased a new stake in NU in the 4th quarter valued at about $62,000. Ethos Financial Group LLC acquired a new position in NU in the fourth quarter valued at about $82,000. Finally, Quarry LP lifted its position in NU by 104.8% in the third quarter. Quarry LP now owns 7,890 shares of the company’s stock valued at $108,000 after buying an additional 4,037 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NU. UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Barclays lowered their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price 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, Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Stock Up 1.5 %

Shares of NYSE:NU opened at $11.08 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a market cap of $52.82 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The firm’s 50 day moving average price is $12.06 and its 200 day moving average price is $12.79.

NU (NYSE:NU) last released 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 business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share 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.