Mitsubishi UFJ Asset Management Co. Ltd. Purchases 88,600 Shares of Nu Holdings Ltd. (NYSE:NU)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,504,884 shares of the company’s stock after purchasing an additional 88,600 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.05% of NU worth $27,479,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NU. LRI Investments LLC grew its stake in shares of NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after acquiring an additional 743 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after buying an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after acquiring an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. increased its position in NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock valued at $226,000 after acquiring an additional 1,011 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NYSE:NU opened at $10.34 on Monday. The firm has a market capitalization of $49.26 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business has a 50 day simple moving average of $12.04 and a 200-day simple moving average of $12.75. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15.

NU (NYSE:NU) last posted its quarterly earnings data 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 company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NU. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group dropped 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. JPMorgan Chase & Co. reduced their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, Barclays lowered their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, NU currently has an average 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.