KLP Kapitalforvaltning AS Invests $6.61 Million in Nu Holdings Ltd. (NYSE:NU)

KLP Kapitalforvaltning AS bought a new stake in Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 638,400 shares of the company’s stock, valued at approximately $6,614,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Piscataqua Savings Bank boosted its holdings in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. purchased a new stake in NU in the fourth quarter valued at $52,000. Whipplewood Advisors LLC acquired a new position in NU in the fourth quarter valued at $62,000. Ethos Financial Group LLC purchased a new position in shares of NU during the fourth quarter worth about $82,000. Finally, Berbice Capital Management LLC acquired a new stake in shares of NU during the fourth quarter worth about $93,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Down 2.6 %

Shares of NYSE:NU opened at $11.39 on Wednesday. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $12.08 and its 200-day simple moving average is $12.81. The company has a market cap of $54.28 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 0.48 and a beta of 1.14.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Barclays lowered their target price 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. reduced their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, UBS Group lowered their price objective 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. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.