Nu Holdings Ltd. (NYSE:NU) Shares Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC grew its stake in Nu Holdings Ltd. (NYSE:NU) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,287 shares of the company’s stock after buying an additional 2,292 shares during the period. HighPoint Advisor Group LLC’s holdings in NU were worth $169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Seven Mile Advisory lifted its holdings in shares of NU by 26.6% during the fourth quarter. Seven Mile Advisory now owns 24,490 shares of the company’s stock worth $254,000 after purchasing an additional 5,142 shares during the period. Alliancebernstein L.P. lifted its stake in NU by 10.5% during the 4th quarter. Alliancebernstein L.P. now owns 18,070,508 shares of the company’s stock valued at $187,210,000 after acquiring an additional 1,711,138 shares during the period. Wellington Management Group LLP boosted its holdings 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 acquiring an additional 1,561,129 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of NU in the fourth quarter worth $952,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of NU by 1.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 545,157 shares of the company’s stock worth $6,073,000 after purchasing an additional 5,438 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on NU. Barclays cut their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. UBS Group reduced their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.47.

NU Stock Performance

NU opened at $9.57 on Friday. 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 Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14. The firm’s fifty day simple moving average is $11.87 and its two-hundred day simple moving average is $12.62.

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