Rakuten Securities Inc. Buys 26,191 Shares of Nu Holdings Ltd. (NYSE:NU)

Rakuten Securities Inc. increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 109.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,158 shares of the company’s stock after acquiring an additional 26,191 shares during the quarter. Rakuten Securities Inc.’s holdings in NU were worth $520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in NU by 105.9% during the third 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. Baillie Gifford & Co. lifted its position in NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after purchasing an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC lifted its position in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after purchasing an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 acquiring an additional 11,613,191 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after acquiring an additional 8,806,495 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. KeyCorp increased their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Susquehanna raised their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Barclays reduced their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Finally, Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock 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 assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.47.

NU Trading Up 4.7 %

NYSE NU opened at $10.60 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $50.50 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company’s 50-day simple moving average is $11.97 and its two-hundred day simple moving average is $13.03. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 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 business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.