Fisher Asset Management LLC Reduces Position in Nu Holdings Ltd. (NYSE:NU)

Fisher Asset Management LLC decreased its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,151,745 shares of the company's stock after selling 79,325 shares during the period. Fisher Asset Management LLC owned about 0.15% of NU worth $74,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Piscataqua Savings Bank raised its stake in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after buying an additional 2,500 shares in the last quarter. Huntington National Bank grew its holdings in shares of 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 buying an additional 2,131 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of NU during the fourth quarter valued at $62,000. Quarry LP grew its holdings in shares of NU by 104.8% during the third quarter. Quarry LP now owns 7,890 shares of the company's stock valued at $108,000 after buying an additional 4,037 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new stake in shares of NU during the fourth quarter valued at $93,000. Institutional investors own 84.02% of the company's stock.

NU Price Performance

Shares of NU traded up $0.38 during mid-day trading on Wednesday, hitting $10.84. 76,107,817 shares of the company were exchanged, compared to its average volume of 48,446,691. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a 50 day moving average of $11.96 and a 200-day moving average of $13.14. The stock has a market cap of $51.64 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.

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

Analyst Ratings Changes

NU has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Susquehanna boosted their target price on shares of NU from $16.00 to $18.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. decreased 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. UBS Group decreased their target price 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. Finally, Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, NU presently has an average rating of "Hold" and an average target price of $15.47.

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.