Alliancebernstein L.P. Increases Stake in Nu Holdings Ltd. (NYSE:NU)

Alliancebernstein L.P. raised its holdings in Nu Holdings Ltd. (NYSE:NU) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,070,508 shares of the company’s stock after buying an additional 1,711,138 shares during the period. Alliancebernstein L.P. owned approximately 0.38% of NU worth $187,210,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of NU by 142.2% in the 4th quarter. Wellington Management Group LLP now owns 2,658,621 shares of the company’s stock valued at $27,543,000 after buying an additional 1,561,129 shares during the period. Clearbridge Investments LLC acquired a new stake in NU in the fourth quarter valued at approximately $952,000. CIBC Private Wealth Group LLC lifted its stake in NU by 1.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 545,157 shares of the company’s stock worth $6,073,000 after acquiring an additional 5,438 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of NU by 2,193.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock valued at $187,611,000 after purchasing an additional 17,319,681 shares during the last quarter. Finally, OneAscent Wealth Management LLC raised its holdings in shares of NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock valued at $129,000 after purchasing an additional 760 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $10.45 on Wednesday. The firm’s fifty day simple moving average is $11.99 and its 200-day simple moving average is $12.69. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The stock has a market capitalization of $49.78 billion, a price-to-earnings ratio of 26.11, 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.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NU has been the topic of several recent analyst reports. Barclays dropped their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. UBS Group cut their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.47.

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.