Nomura Asset Management Co. Ltd. Raises Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Nomura Asset Management Co. Ltd. raised its stake in Nu Holdings Ltd. (NYSE:NU) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,422,066 shares of the company’s stock after purchasing an additional 2,131 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in NU were worth $14,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of NU in the 4th quarter valued at about $447,762,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in NU by 3.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,504,884 shares of the company’s stock valued at $27,479,000 after acquiring an additional 88,600 shares during the last quarter. Arlington Capital Management Inc. acquired a new stake in NU in the fourth quarter valued at approximately $249,000. Anthracite Investment Company Inc. purchased a new position in NU in the fourth quarter worth $1,761,000. Finally, Parametrica Management Ltd increased its position in shares of NU by 30.2% during the fourth quarter. Parametrica Management Ltd now owns 362,413 shares of the company’s stock worth $3,755,000 after purchasing an additional 84,050 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Down 6.8 %

NU stock opened at $10.34 on Monday. The company has a market capitalization of $49.26 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The firm’s fifty day simple moving average is $12.04 and its 200-day simple moving average is $12.75. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. 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. Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. lowered 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. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a research note 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. According to data from MarketBeat.com, NU currently has an average rating of “Hold” and a consensus price target 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.