Nu Holdings Ltd. (NYSE:NU) Shares Bought by Aviva PLC

Aviva PLC grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,174,340 shares of the company’s stock after buying an additional 35,492 shares during the quarter. Aviva PLC’s holdings in NU were worth $22,526,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Resona Asset Management Co. Ltd. bought a new position in NU during the 4th quarter valued at $7,729,000. First Western Trust Bank raised its stake in shares of NU by 29.9% in the 4th quarter. First Western Trust Bank now owns 22,904 shares of the company’s stock valued at $237,000 after purchasing an additional 5,276 shares in the last quarter. Prudential PLC lifted its position in shares of NU by 40.1% during the fourth quarter. Prudential PLC now owns 425,838 shares of the company’s stock worth $4,412,000 after purchasing an additional 121,881 shares during the last quarter. Proem Advisors LLC acquired a new position in NU in the fourth quarter worth about $4,403,000. Finally, OneAscent Financial Services LLC increased its holdings in NU by 14.3% in the fourth quarter. OneAscent Financial Services LLC now owns 16,294 shares of the company’s stock valued at $169,000 after buying an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NU shares. UBS Group decreased 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. JPMorgan Chase & Co. lowered their target price on shares of 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 dropped their target price 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.47.

NU Price Performance

NYSE NU opened at $9.57 on Monday. The company has a 50-day moving average price of $11.87 and a two-hundred day moving average price of $12.59. Nu Holdings Ltd. has a 52 week low of $8.90 and a 52 week high of $16.15. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting 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 return on equity of 30.99% and a net margin of 17.12%. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.