Jones Financial Companies Lllp Grows Holdings in Nu Holdings Ltd. (NYSE:NU)

Jones Financial Companies Lllp raised its position in Nu Holdings Ltd. (NYSE:NU) by 1,166.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,105 shares of the company’s stock after purchasing an additional 15,754 shares during the period. Jones Financial Companies Lllp’s holdings in NU were worth $177,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NU. Principal Financial Group Inc. lifted its holdings in NU by 315.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock valued at $15,745,000 after purchasing an additional 876,039 shares in the last quarter. Assetmark Inc. increased its stake in shares of NU by 46.5% during the 3rd quarter. Assetmark Inc. now owns 15,275 shares of the company’s stock valued at $209,000 after acquiring an additional 4,848 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of NU by 14.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 17,064 shares of the company’s stock valued at $233,000 after acquiring an additional 2,099 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of NU by 13.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,089 shares of the company’s stock valued at $315,000 after acquiring an additional 2,695 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of NU by 45.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,163 shares of the company’s stock valued at $303,000 after acquiring an additional 6,891 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NU shares. JPMorgan Chase & Co. dropped their price objective 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. Barclays dropped their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.47.

NU Stock Up 9.3 %

NU opened at $11.75 on Friday. The company has a market cap of $55.98 billion, a PE ratio of 29.36, 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. The firm has a 50 day moving average price of $12.00 and a 200 day moving average price of $12.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

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