PNC Financial Services Group Inc. Has $124,000 Holdings in Nu Holdings Ltd. (NYSE:NU)

PNC Financial Services Group Inc. increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 78.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,891 shares of the company’s stock after buying an additional 6,552 shares during the period. PNC Financial Services Group Inc.’s holdings in NU were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in NU during the fourth quarter worth approximately $9,429,000. Royal London Asset Management Ltd. boosted its position in NU by 13.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 830,595 shares of the company’s stock worth $6,919,000 after purchasing an additional 100,320 shares during the period. Virtu Financial LLC acquired a new position in shares of NU in the fourth quarter valued at $775,000. FIL Ltd raised its position in shares of NU by 0.6% in the fourth quarter. FIL Ltd now owns 41,784,172 shares of the company’s stock valued at $348,062,000 after purchasing an additional 253,915 shares during the period. Finally, Okabena Investment Services Inc. bought a new stake in shares of NU during the 4th quarter worth about $687,000. 80.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NU shares. KeyCorp increased their price target on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Barclays started coverage on NU in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price target for the company. TheStreet upgraded NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Jefferies Financial Group boosted their target price on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, Susquehanna raised their price target on shares of NU from $12.00 to $14.00 and gave the stock a “positive” rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.70.

NU Stock Performance

Shares of NYSE:NU opened at $12.43 on Friday. The company’s 50 day simple moving average is $11.84 and its 200 day simple moving average is $10.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40. Nu Holdings Ltd. has a 1 year low of $6.61 and a 1 year high of $13.01. The stock has a market capitalization of $59.24 billion, a price-to-earnings ratio of 47.81, a price-to-earnings-growth ratio of 0.58 and a beta of 1.14.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. As a group, research analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.