Nu Holdings Ltd. (NYSE:NU) Stock Position Raised by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 2,193.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,109,184 shares of the company’s stock after buying an additional 17,319,681 shares during the period. Arrowstreet Capital Limited Partnership owned 0.38% of NU worth $187,611,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NU. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of NU during the third quarter valued at about $164,000. Bank of Montreal Can boosted its stake in NU by 85.3% in the 3rd quarter. Bank of Montreal Can now owns 1,287,963 shares of the company’s stock worth $17,864,000 after purchasing an additional 592,941 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of NU by 94.1% during the third quarter. The Manufacturers Life Insurance Company now owns 609,709 shares of the company’s stock valued at $8,323,000 after buying an additional 295,520 shares in the last quarter. Townsquare Capital LLC purchased a new position in NU during the 3rd quarter valued at about $197,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in NU by 14,296.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 807,808 shares of the company’s stock valued at $11,027,000 after buying an additional 802,197 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Barclays dropped 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. 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 note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, NU has a consensus rating of “Hold” and an average price target of $15.47.

NU Stock Performance

NYSE:NU opened at $10.34 on Monday. The firm has a 50 day moving average of $12.04 and a 200-day moving average of $12.75. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock 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. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15.

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