Barings LLC Grows Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Barings LLC increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 149.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 920,556 shares of the company’s stock after buying an additional 551,924 shares during the period. Barings LLC’s holdings in NU were worth $9,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Piscataqua Savings Bank lifted its holdings in shares of NU by 500.0% in the fourth 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 in the last quarter. Huntington National Bank lifted its holdings in shares of NU by 86.3% in the third 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 in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of NU in the fourth quarter valued at about $62,000. Ethos Financial Group LLC purchased a new stake in shares of NU in the fourth quarter valued at about $82,000. Finally, Quarry LP lifted its holdings in shares of 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 purchasing an additional 4,037 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $10.83 on Friday. Nu Holdings Ltd. has a one year low of $9.67 and a one year 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 company has a 50 day moving average price of $11.98 and a 200 day moving average price of $13.09. The firm has a market capitalization of $51.63 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 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 analyst estimates of $3.17 billion. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, Barclays reduced their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, NU presently has a consensus rating of “Hold” and an average 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.