DnB Asset Management AS Has $2.89 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

DnB Asset Management AS trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 59.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,227 shares of the company's stock after selling 409,028 shares during the period. DnB Asset Management AS's holdings in NU were worth $2,893,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Piscataqua Savings Bank raised its stake in NU by 500.0% during the 4th 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 period. Campbell Capital Management Inc. acquired a new position in NU during the fourth quarter valued at $52,000. Whipplewood Advisors LLC acquired a new position in NU during the fourth quarter valued at $62,000. Ethos Financial Group LLC purchased a new stake in NU in the 4th quarter worth about $82,000. Finally, Berbice Capital Management LLC acquired a new stake in NU during the 4th quarter worth about $93,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group reduced their price target 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. JPMorgan Chase & Co. cut their target price on shares of NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $15.47.

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NU Stock Performance

NU traded down $0.70 on Friday, hitting $9.57. The company had a trading volume of 93,554,639 shares, compared to its average volume of 38,762,670. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. 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 company's fifty day moving average price is $11.87 and its 200 day moving average price is $12.60. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. Equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share 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.