Massachusetts Financial Services Co. MA Invests $26.89 Million in Nu Holdings Ltd. (NYSE:NU)

Massachusetts Financial Services Co. MA acquired a new stake in Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,595,954 shares of the company’s stock, valued at approximately $26,894,000.

Other large investors also recently bought and sold shares of the company. Piscataqua Savings Bank raised its stake in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the period. Campbell Capital Management Inc. acquired a new stake in NU in the 4th quarter valued at approximately $52,000. Whipplewood Advisors LLC purchased a new stake in NU in the fourth quarter valued at approximately $62,000. Ethos Financial Group LLC acquired a new position in NU during the fourth quarter worth $82,000. Finally, Quarry LP boosted its position in shares of NU by 104.8% during the third quarter. Quarry LP now owns 7,890 shares of the company’s stock worth $108,000 after buying an additional 4,037 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NU. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Barclays reduced their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.47.

NU Trading Down 6.8 %

NYSE NU opened at $9.57 on Monday. Nu Holdings Ltd. has a 52 week low of $8.95 and a 52 week high of $16.15. The firm has a 50 day moving average of $11.87 and a two-hundred day moving average of $12.59. The stock has a market capitalization of $45.61 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. 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 (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.