Pictet Asset Management Holding SA Grows Position in Nu Holdings Ltd. (NYSE:NU)

Pictet Asset Management Holding SA boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 39.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,791,418 shares of the company’s stock after buying an additional 1,071,368 shares during the quarter. Pictet Asset Management Holding SA owned 0.08% of NU worth $39,279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NU. LRI Investments LLC raised its holdings in shares of NU by 3.1% during the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after purchasing an additional 743 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in NU by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after buying an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after buying an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after buying an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after acquiring an additional 1,011 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 6.8 %

NU stock opened at $10.34 on Monday. The firm has a market cap of $49.26 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The firm has a fifty day moving average price of $12.04 and a 200 day moving average price of $12.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NU. JPMorgan Chase & Co. cut their price target on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Barclays cut 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, Citigroup cut NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. One equities research 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.com, NU currently has a consensus 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.