Charles Schwab Investment Management Inc. Has $8.58 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Charles Schwab Investment Management Inc. boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 0.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 827,678 shares of the company’s stock after purchasing an additional 1,208 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NU were worth $8,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Baillie Gifford & Co. raised its stake in 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 purchasing an additional 14,875,891 shares in the last quarter. State Street Corp raised its position in shares of 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 in the last quarter. FMR LLC raised its position in shares of 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 in the last quarter. Geode Capital Management LLC raised its position in shares of 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Up 1.9 %

NU stock opened at $11.62 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The firm’s fifty day moving average is $12.05 and its 200 day moving average is $12.85. The company has a market capitalization of $55.36 billion, a PE ratio of 29.04, a PEG 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 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 company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the subject of several analyst reports. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Barclays dropped their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company 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.