Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in Nu Holdings Ltd. (NYSE:NU) by 19.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 501,000 shares of the company’s stock after purchasing an additional 82,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in NU were worth $5,333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. ANTIPODES PARTNERS Ltd raised its stake in NU by 37.2% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 21,156 shares of the company’s stock worth $219,000 after acquiring an additional 5,739 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in NU by 547.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,754 shares of the company’s stock valued at $806,000 after purchasing an additional 65,743 shares during the period. Rakuten Securities Inc. increased its stake in NU by 109.3% in the fourth quarter. Rakuten Securities Inc. now owns 50,158 shares of the company’s stock valued at $520,000 after purchasing an additional 26,191 shares during the period. Sequoia Financial Advisors LLC increased its stake in NU by 111.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 26,686 shares of the company’s stock valued at $276,000 after purchasing an additional 14,065 shares during the period. Finally, AGF Management Ltd. acquired a new position in NU in the fourth quarter valued at $139,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on NU. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group dropped their price objective 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. Barclays dropped their price objective 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, JPMorgan Chase & Co. dropped their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.47.

NU Trading Up 9.3 %

Shares of NU opened at $11.75 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. The firm’s 50-day moving average is $12.00 and its two-hundred day moving average is $12.96. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The firm has a market capitalization of $55.98 billion, a P/E ratio of 29.36, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate 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 analyst estimates of $3.17 billion. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.