Black Swift Group LLC Sells 175,250 Shares of Nu Holdings Ltd. (NYSE:NU)

Black Swift Group LLC lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 219,750 shares of the company's stock after selling 175,250 shares during the quarter. Black Swift Group LLC's holdings in NU were worth $2,277,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Piscataqua Savings Bank lifted its holdings in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after purchasing an additional 2,500 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in NU during the fourth quarter valued at about $62,000. Huntington National Bank lifted its holdings in NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company's stock valued at $63,000 after purchasing an additional 2,131 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in NU during the fourth quarter valued at about $93,000. Finally, SteelPeak Wealth LLC purchased a new stake in NU during the fourth quarter valued at about $105,000. Institutional investors own 84.02% of the company's stock.

NU Price Performance

Shares of NU stock traded up $0.18 during trading on Friday, hitting $10.83. The company had a trading volume of 63,811,437 shares, compared to its average volume of 49,158,207. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average is $11.98 and its two-hundred day moving average is $13.08. The stock has a market capitalization of $51.63 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15.

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NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NU has been the topic of a number of recent analyst reports. Citigroup downgraded shares of NU from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Susquehanna increased their price target on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lowered 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. Finally, Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. One 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 company presently has an average rating of "Hold" and an average 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.