Amundi Has $86.31 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Amundi lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,747,841 shares of the company’s stock after purchasing an additional 1,294,664 shares during the quarter. Amundi owned 0.16% of NU worth $86,311,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NU. Baillie Gifford & Co. raised its position in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after buying an additional 14,875,891 shares during the last quarter. Jennison Associates LLC raised its position in NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after buying an additional 6,435,526 shares during the last quarter. State Street Corp raised its position in NU by 105.9% in the 3rd 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. FMR LLC raised its position in NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 shares during the last quarter. Finally, Geode Capital Management LLC raised its position 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 buying an additional 16,638,397 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 4.7 %

NU stock opened at $10.60 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $50.50 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a fifty day moving average of $11.97 and a 200-day moving average of $13.03.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays lowered their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. KeyCorp increased their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Susquehanna upped their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NU currently has an average rating of “Hold” and a consensus price target of $15.47.

NU 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.