Envestnet Asset Management Inc. Sells 997,743 Shares of Nu Holdings Ltd. (NYSE:NU)

Envestnet Asset Management Inc. lowered its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 23.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,228,250 shares of the company's stock after selling 997,743 shares during the period. Envestnet Asset Management Inc. owned 0.07% of NU worth $33,445,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Baader Bank Aktiengesellschaft lifted its position in NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock valued at $3,680,000 after purchasing an additional 58,183 shares during the last quarter. Baillie Gifford & Co. grew its holdings in NU by 7.1% during the fourth 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 during the period. Franklin Resources Inc. raised its position in NU by 5.7% in the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock worth $74,288,000 after acquiring an additional 271,903 shares in the last quarter. Blankinship & Foster LLC acquired a new stake in NU in the 3rd quarter valued at about $3,212,000. Finally, Barclays PLC boosted its position 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. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NU Stock Up 1.1 %

Shares of NU stock traded up $0.12 during trading on Thursday, hitting $10.92. 14,298,292 shares of the stock traded hands, compared to its average volume of 40,033,592. The company has a fifty day moving average price of $11.33 and a two-hundred day moving average price of $12.35. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The stock has a market cap of $52.02 billion, a P/E ratio of 27.25, a PEG ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

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

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.