Investmentaktiengesellschaft Fuer Langfristige Investoren TGV Grows Stake in Nu Holdings Ltd. (NYSE:NU)

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its position in Nu Holdings Ltd. (NYSE:NU) by 45.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,000 shares of the company’s stock after acquiring an additional 45,000 shares during the period. NU comprises about 0.1% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s investment portfolio, making the stock its 20th biggest holding. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in NU were worth $1,544,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of NU by 7.1% during the 4th 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 during the period. Jennison Associates LLC increased its position in NU by 7.1% in the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after buying an additional 6,435,526 shares in the last quarter. State Street Corp raised its stake in shares of NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares during the period. FMR LLC lifted its position in shares of NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of NU by 104.3% during the 3rd 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. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on NU. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, UBS Group cut 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 analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.80.

NU Stock Down 19.2 %

NYSE NU opened at $10.78 on Friday. The stock has a 50 day moving average price of $11.92 and a 200-day moving average price of $13.24. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The company has a market capitalization of $51.35 billion, a P/E ratio of 26.94, a P/E/G ratio of 0.48 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates 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 analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company 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.