Fisher Asset Management LLC Has $167.12 Million Stock Holdings in Nu Holdings Ltd. $NU

Fisher Asset Management LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,438,299 shares of the company’s stock after purchasing an additional 55,033 shares during the quarter. Fisher Asset Management LLC owned about 0.22% of NU worth $167,117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jordan Park Group LLC boosted its holdings in shares of NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after buying an additional 1,104,421 shares during the period. Allworth Financial LP raised its holdings in NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after acquiring an additional 1,601 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in NU during the second quarter worth approximately $38,000. EverSource Wealth Advisors LLC boosted its holdings in shares of NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after acquiring an additional 1,464 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in shares of NU by 694.0% in the second quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock valued at $87,000 after purchasing an additional 5,552 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Up 1.4%

Shares of NU stock opened at $15.19 on Tuesday. The firm’s 50 day moving average is $17.11 and its 200 day moving average is $16.18. The firm has a market capitalization of $73.20 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 0.49 and a beta of 1.08. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, February 24th. KeyCorp upped their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Susquehanna raised their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.34.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.