Nu Holdings Ltd. (NYSE:NU) Shares Sold by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 385,544 shares of the company's stock after selling 47,474 shares during the period. BTG Pactual Asset Management US LLC's holdings in NU were worth $3,994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft lifted its stake in shares of NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after purchasing an additional 58,183 shares during the period. Baillie Gifford & Co. boosted 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 buying an additional 14,875,891 shares during the last quarter. Franklin Resources Inc. grew its holdings in NU by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock valued at $74,288,000 after buying an additional 271,903 shares during the period. Blankinship & Foster LLC purchased a new position in shares of NU during the 3rd quarter worth about $3,212,000. Finally, Barclays PLC grew its holdings in NU by 55.7% in the third quarter. Barclays PLC now owns 1,005,022 shares of the company's stock valued at $13,718,000 after purchasing an additional 359,733 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Up 1.7 %

NU stock traded up $0.18 during midday trading on Friday, hitting $10.98. 34,617,402 shares of the stock were exchanged, compared to its average volume of 40,217,542. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. 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 firm has a market cap of $52.33 billion, a P/E ratio of 27.45, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a 50 day moving average price of $11.27 and a two-hundred day moving average price of $12.33.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS 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 business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.17 billion. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NU has been the topic of a number of research analyst reports. Barclays decreased 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. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.36.

About NU

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.