Nu Holdings Ltd. (NYSE:NU) is Milestones Administradora de Recursos Ltda.'s 4th Largest Position

Milestones Administradora de Recursos Ltda. decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 32.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,384,000 shares of the company's stock after selling 653,500 shares during the period. NU comprises about 7.3% of Milestones Administradora de Recursos Ltda.'s investment portfolio, making the stock its 4th biggest holding. Milestones Administradora de Recursos Ltda.'s holdings in NU were worth $14,338,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of NU during the fourth quarter worth $441,000. Oppenheimer & Co. Inc. raised its stake in NU by 168.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 59,427 shares of the company's stock worth $616,000 after acquiring an additional 37,264 shares during the period. Kovack Advisors Inc. bought a new position in NU in the fourth quarter worth about $111,000. Nwam LLC grew its holdings in shares of NU by 18.8% during the fourth quarter. Nwam LLC now owns 30,175 shares of the company's stock valued at $313,000 after purchasing an additional 4,765 shares during the last quarter. Finally, GenTrust LLC acquired a new stake in shares of NU during the 4th quarter worth approximately $67,239,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

Shares of NU stock traded down $0.02 during mid-day trading on Tuesday, hitting $10.46. 86,605,370 shares of the stock traded hands, compared to its average volume of 47,764,574. 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 firm has a market cap of $49.83 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The company's 50-day simple moving average is $11.95 and its 200-day simple moving average is $13.18. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on NU shares. The Goldman Sachs Group upped their price objective on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Susquehanna increased their price objective on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock 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 cut NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, NU currently 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.