Great Lakes Advisors LLC reduced its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 725,468 shares of the company's stock after selling 161,460 shares during the period. Great Lakes Advisors LLC's holdings in NU were worth $7,516,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Piscataqua Savings Bank boosted its holdings 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 purchasing an additional 2,500 shares during the last quarter. Whipplewood Advisors LLC bought a new position in NU in the fourth quarter valued at about $62,000. Huntington National Bank boosted its position in NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company's stock worth $63,000 after purchasing an additional 2,131 shares during the last quarter. Ethos Financial Group LLC bought a new stake in shares of NU during the 4th quarter valued at about $82,000. Finally, Berbice Capital Management LLC purchased a new stake in shares of NU during the 4th quarter valued at about $93,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on NU shares. Barclays cut 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. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lowered their price target on shares of NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Finally, UBS Group reduced their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.47.
Check Out Our Latest Stock Analysis on NU
NU Price Performance
Shares of NU stock traded up $1.00 during mid-day trading on Friday, hitting $11.75. The company had a trading volume of 53,715,717 shares, compared to its average volume of 35,890,018. The company has a market capitalization of $55.98 billion, a P/E ratio of 29.36, a P/E/G ratio of 0.48 and a beta of 1.14. The stock's 50 day moving average price is $12.00 and its 200-day moving average price is $12.98. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week 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.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion during 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%. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
NU Company Profile
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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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