Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Nu Holdings Ltd. (NYSE:NU)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Nu Holdings Ltd. (NYSE:NU) by 77.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,433,205 shares of the company’s stock after buying an additional 625,397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NU were worth $14,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC purchased a new stake in NU in the third quarter valued at approximately $98,704,000. Thrivent Financial for Lutherans lifted its holdings in NU by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after acquiring an additional 48,445 shares during the period. Adero Partners LLC lifted its holdings in NU by 5.7% in the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after acquiring an additional 259,324 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in NU by 19.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after acquiring an additional 58,183 shares during the period. Finally, Summit Partners Public Asset Management LLC lifted its holdings in NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after acquiring an additional 50,000 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 3.0 %

Shares of NU stock opened at $10.92 on Thursday. 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 company has a market cap of $52.03 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 0.48 and a beta of 1.14. The stock has a 50 day simple moving average of $11.99 and a 200-day simple moving average of $13.01. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 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 firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on NU shares. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Barclays decreased 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. Finally, KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One 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’s stock. According to data from MarketBeat, NU has a consensus rating of “Hold” and a consensus 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.