Metis Global Partners LLC Acquires 1,783 Shares of Nu Holdings Ltd. (NYSE:NU)

Metis Global Partners LLC lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 10.5% in the fourth quarter, HoldingsChannel reports. The fund owned 18,845 shares of the company’s stock after buying an additional 1,783 shares during the period. Metis Global Partners LLC’s holdings in NU were worth $195,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Baillie Gifford & Co. lifted its holdings 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 acquiring an additional 14,875,891 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after acquiring an additional 6,435,526 shares during the last quarter. State Street Corp increased its stake 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 worth $1,076,509,000 after buying an additional 40,560,986 shares during the period. FMR LLC increased its stake in shares of NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after buying an additional 16,638,397 shares during the period. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of several analyst reports. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group decreased 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. JPMorgan Chase & Co. decreased their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group lifted their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna lifted their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, NU currently has a consensus rating of “Hold” and an average target price of $15.47.

NU Stock Down 2.0 %

Shares of NU stock opened at $10.66 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $11.97 and its two-hundred day simple moving average is $13.13. The company has a market cap of $50.78 billion, a P/E ratio of 26.64, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 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 for the quarter, compared to analysts’ expectations of $3.17 billion. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current 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.