Arrowstreet Capital Limited Partnership Has $187.61 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Arrowstreet Capital Limited Partnership lifted its position in Nu Holdings Ltd. (NYSE:NU) by 2,193.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,109,184 shares of the company’s stock after purchasing an additional 17,319,681 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in NU were worth $187,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of NU in the fourth quarter worth about $447,762,000. State Street Corp increased its stake in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Geode Capital Management LLC raised its holdings in NU by 104.3% during the 3rd 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 period. Baillie Gifford & Co. lifted its stake in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after buying an additional 14,875,891 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after buying an additional 11,613,191 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 6.8 %

Shares of NU stock opened at $10.34 on Monday. The stock has a market cap of $49.26 billion, a P/E ratio of 25.84, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current 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’s 50 day moving average is $12.04 and its 200-day moving average is $12.75.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NU shares. Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. cut their price target on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. UBS Group decreased 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 cut their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One 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.com, NU has an average rating of “Hold” and an average target price of $15.47.

NU Company 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.