Dynamic Technology Lab Private Ltd cut its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 85.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,153 shares of the company's stock after selling 68,205 shares during the period. Dynamic Technology Lab Private Ltd's holdings in NU were worth $116,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Quantinno Capital Management LP increased its position in NU by 112.5% in the third quarter. Quantinno Capital Management LP now owns 64,156 shares of the company's stock worth $876,000 after purchasing an additional 33,968 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of NU by 4.5% during the third quarter. Orion Portfolio Solutions LLC now owns 115,677 shares of the company's stock worth $1,579,000 after purchasing an additional 4,967 shares during the period. Barclays PLC lifted its holdings in shares of NU by 55.7% during the 3rd 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 in the last quarter. M&T Bank Corp grew its position in shares of NU by 4.2% in the 3rd quarter. M&T Bank Corp now owns 417,467 shares of the company's stock valued at $5,698,000 after purchasing an additional 16,812 shares during the period. Finally, Geode Capital Management LLC increased its stake in NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on NU. Barclays lowered their price objective on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. UBS Group reduced their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.36.
Get Our Latest Stock Analysis on NU
NU Stock Performance
Shares of NU traded up $0.12 during mid-day trading on Thursday, hitting $10.92. 14,298,292 shares of the company's stock were exchanged, compared to its average volume of 40,033,592. The firm has a market cap of $52.02 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. 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 simple moving average is $11.33 and its 200-day simple moving average is $12.35.
NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.
NU Profile
(
Free Report)
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.
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