Prudential PLC Buys 121,881 Shares of Nu Holdings Ltd. (NYSE:NU)

Prudential PLC raised its stake in Nu Holdings Ltd. (NYSE:NU) by 40.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 425,838 shares of the company’s stock after acquiring an additional 121,881 shares during the quarter. Prudential PLC’s holdings in NU were worth $4,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of NU during the 4th quarter valued at $447,762,000. State Street Corp increased its position in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock worth $187,611,000 after buying an additional 17,319,681 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after acquiring an additional 16,638,397 shares during the period. Finally, Baillie Gifford & Co. grew its stake in NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on NU shares. JPMorgan Chase & Co. cut their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Barclays dropped their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Finally, UBS Group reduced their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, NU currently has an average rating of “Hold” and a consensus price target of $15.47.

NU Trading Down 6.8 %

NYSE:NU opened at $9.57 on Friday. The company has a fifty day moving average of $11.87 and a 200 day moving average of $12.60. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The firm has a market capitalization of $45.61 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.48 and a beta of 1.14. 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 (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion for 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%. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.