Nu Holdings Ltd. (NYSE:NU) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 132.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 58,652 shares of the company’s stock after purchasing an additional 33,455 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in NU were worth $608,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Norges Bank acquired a new position in shares of NU in the 4th quarter valued at $447,762,000. Geode Capital Management LLC grew its holdings in shares of NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company’s stock worth $348,774,000 after purchasing an additional 1,179,748 shares during the period. Kontiki Capital Management HK Ltd. increased its position in shares of NU by 14.9% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company’s stock worth $218,700,000 after purchasing an additional 2,741,700 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in NU by 5.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company’s stock valued at $218,026,000 after buying an additional 1,067,992 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NU stock opened at $12.35 on Friday. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The firm has a 50 day moving average of $11.00 and a two-hundred day moving average of $12.21. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $59.49 billion, a PE ratio of 30.86, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during 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%. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NU. Barclays lifted their price target on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. UBS Group cut their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.47.

About NU

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.