Raymond James Financial Inc. Takes Position in Nu Holdings Ltd. (NYSE:NU)

Raymond James Financial Inc. acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 337,748 shares of the company’s stock, valued at approximately $3,499,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its holdings 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 acquiring an additional 14,875,891 shares in the last quarter. State Street Corp raised its position 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 boosted its stake in NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after purchasing an additional 8,728,833 shares in the last quarter. Geode Capital Management LLC boosted its stake in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in NU by 5.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company’s stock worth $218,026,000 after purchasing an additional 1,067,992 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 1.5 %

Shares of NYSE:NU opened at $11.08 on Friday. 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 Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The business has a 50 day moving average of $12.06 and a two-hundred day moving average of $12.79. The company has a market capitalization of $52.82 billion, a PE ratio of 27.71, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 17.12% and a return on equity of 30.99%. As a group, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

NU has been the subject of several research reports. UBS Group lowered 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. Barclays reduced their target price on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and dropped their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. One 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.com, NU currently has a consensus rating of “Hold” and an average price target of $15.47.

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.