14,500 Shares in Nu Holdings Ltd. (NYSE:NU) Acquired by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,500 shares of the company’s stock, valued at approximately $150,000. NU accounts for about 0.1% of RWQ Financial Management Services Inc.’s holdings, making the stock its 23rd largest holding.

A number of other large investors have also recently made changes to their positions in NU. State Street Corp increased its stake in NU by 105.9% in 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. Geode Capital Management LLC increased its stake in NU by 104.3% in 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. Baillie Gifford & Co. increased 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 purchasing an additional 14,875,891 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 purchasing an additional 11,613,191 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in 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 purchasing an additional 8,806,495 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NYSE NU opened at $11.39 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a fifty day moving average price of $12.04 and a 200 day moving average price of $12.90. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a market cap of $54.26 billion, a PE ratio of 28.47, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last issued its quarterly 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 return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on NU. Barclays dropped 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. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group lowered their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NU has a consensus rating of “Hold” and an average target price of $15.47.

NU 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.