Russell Investments Group Ltd. Buys 770,394 Shares of Nu Holdings Ltd. (NYSE:NU)

Russell Investments Group Ltd. raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,312,454 shares of the company’s stock after acquiring an additional 770,394 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of NU worth $55,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft boosted its stake in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after acquiring an additional 58,183 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of NU in the 3rd quarter worth approximately $69,022,000. Baillie Gifford & Co. grew its stake in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after buying an additional 14,875,891 shares during the last quarter. Franklin Resources Inc. increased its position in NU by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock valued at $74,288,000 after buying an additional 271,903 shares in the last quarter. Finally, Blankinship & Foster LLC purchased a new position in NU during the third quarter valued at $3,212,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU stock opened at $9.57 on Monday. The company has a market cap of $45.61 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. 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 Holdings Ltd. has a 1 year low of $8.90 and a 1 year high of $16.15. The stock’s fifty day moving average price is $11.87 and its 200-day moving average price is $12.59.

NU (NYSE:NU) last announced 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. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NU shares. Barclays reduced their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, UBS Group dropped their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.