J.Safra Asset Management Corp Has $742,000 Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

J.Safra Asset Management Corp increased its position in Nu Holdings Ltd. (NYSE:NU) by 33.0% during the fourth quarter, Holdings Channel reports. The firm owned 69,669 shares of the company’s stock after buying an additional 17,299 shares during the quarter. J.Safra Asset Management Corp’s holdings in NU were worth $742,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of NU. State Street Corp lifted its position in shares of 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 buying an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC raised its stake in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after acquiring an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NU by 458.3% during the 3rd 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. boosted its position in NU by 122.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after purchasing an additional 8,806,495 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NU. KeyCorp increased their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Barclays cut their price objective 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. 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 report on Monday, February 24th. Susquehanna increased their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. 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 company. According to data from MarketBeat, NU has an average rating of “Hold” and a consensus target price of $15.47.

NU Trading Down 0.1 %

Shares of NYSE:NU opened at $10.46 on Wednesday. The company has a market capitalization of $49.83 billion, a P/E ratio of 26.14, a P/E/G ratio of 0.48 and a beta of 1.10. 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 business’s 50 day simple moving average is $11.95 and its 200 day simple moving average is $13.16. 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 analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.