Proficio Capital Partners LLC Acquires Shares of 42,549 Nu Holdings Ltd. (NYSE:NU)

Proficio Capital Partners LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 42,549 shares of the company’s stock, valued at approximately $441,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NU. Baillie Gifford & Co. increased its position in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. State Street Corp boosted its stake in shares of NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares during the last quarter. FMR LLC grew its position in shares of NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares during the period. Geode Capital Management LLC raised its stake in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after buying an additional 16,638,397 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in NU by 5.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company’s stock valued at $218,026,000 after buying an additional 1,067,992 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays lowered their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their price target on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Citigroup cut NU from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. One equities research 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. Based on data from MarketBeat, NU presently has an average rating of “Hold” and a consensus price target of $15.47.

NU Stock Performance

NU stock opened at $11.71 on Tuesday. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $55.79 billion, a PE ratio of 29.26, a P/E/G ratio of 0.48 and a beta of 1.14. The business’s 50-day moving average price is $12.07 and its two-hundred day moving average price is $12.83.

NU (NYSE:NU) last released its quarterly earnings data 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 business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.