M&T Bank Corp lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,422 shares of the company's stock after selling 118,045 shares during the quarter. M&T Bank Corp's holdings in NU were worth $3,102,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. acquired a new stake in shares of NU during the 3rd quarter valued at about $5,041,000. Principal Financial Group Inc. lifted its holdings in shares of NU by 315.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company's stock valued at $15,745,000 after buying an additional 876,039 shares during the last quarter. Fiera Capital Corp acquired a new stake in shares of NU during the 3rd quarter valued at about $3,045,000. Verdence Capital Advisors LLC lifted its holdings in shares of NU by 13.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 40,167 shares of the company's stock valued at $548,000 after buying an additional 4,606 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of NU by 46.5% during the 3rd quarter. Assetmark Inc. now owns 15,275 shares of the company's stock valued at $209,000 after buying an additional 4,848 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Barclays reduced their target price on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, February 24th. UBS Group reduced their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their target price on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Citigroup lowered NU from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $15.47.
Get Our Latest Analysis on NU
NU Stock Performance
Shares of NU stock traded up $0.18 during trading hours on Friday, reaching $10.83. 63,811,437 shares of the company's stock were exchanged, compared to its average volume of 49,158,207. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a market capitalization of $51.63 billion, a P/E ratio of 27.08, a P/E/G ratio of 0.48 and a beta of 1.14. The business has a fifty day moving average price of $11.98 and a 200-day moving average price of $13.09. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
NU 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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