Bessemer Group Inc. Sells 25,195 Shares of Nu Holdings Ltd. (NYSE:NU)

Bessemer Group Inc. trimmed its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,860 shares of the company's stock after selling 25,195 shares during the quarter. Bessemer Group Inc.'s holdings in NU were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NU. Baillie Gifford & Co. boosted its stake in shares of NU by 7.1% during 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 in the last quarter. Norges Bank acquired a new position in shares of NU in the 4th quarter valued at $447,762,000. Geode Capital Management LLC increased its stake in NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after purchasing an additional 1,179,748 shares in the last quarter. Kontiki Capital Management HK Ltd. raised its holdings in NU by 14.9% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock worth $218,700,000 after buying an additional 2,741,700 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in NU by 5.3% during the fourth 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 own 84.02% of the company's stock.

NU Stock Up 1.7 %

Shares of NU stock traded up $0.18 on Friday, hitting $10.98. The company's stock had a trading volume of 34,617,402 shares, compared to its average volume of 40,310,481. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The firm's fifty day moving average price is $11.21 and its 200-day moving average price is $12.31.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Barclays cut their target price on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.36.

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.