746,408 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, HoldingsChannel reports. The fund bought 746,408 shares of the company’s stock, valued at approximately $7,729,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Piscataqua Savings Bank boosted its holdings in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares during the period. Campbell Capital Management Inc. bought a new position in NU in the fourth quarter worth about $52,000. Whipplewood Advisors LLC acquired a new position in NU in the fourth quarter valued at approximately $62,000. Ethos Financial Group LLC bought a new position in shares of NU during the fourth quarter valued at approximately $82,000. Finally, Berbice Capital Management LLC acquired a new stake in shares of NU during the 4th quarter worth approximately $93,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 1.0 %

NU stock opened at $9.70 on Tuesday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The stock has a market capitalization of $46.21 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The firm has a 50 day simple moving average of $11.82 and a 200-day simple moving average of $12.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting 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 expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NU. JPMorgan Chase & Co. reduced their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Finally, 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 report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.