Nu Holdings Ltd. (NYSE:NU) Stake Lessened by Cerity Partners LLC

Cerity Partners LLC lessened its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,336 shares of the company's stock after selling 165,955 shares during the quarter. Cerity Partners LLC's holdings in NU were worth $6,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Gemsstock Ltd. purchased a new position in shares of NU during the 4th quarter valued at $22,582,000. Russell Investments Group Ltd. raised its stake in NU by 17.0% during the 4th quarter. Russell Investments Group Ltd. now owns 5,312,454 shares of the company's stock valued at $55,037,000 after purchasing an additional 770,394 shares during the period. Sit Investment Associates Inc. boosted its stake in NU by 186.8% in the 4th quarter. Sit Investment Associates Inc. now owns 277,266 shares of the company's stock worth $2,872,000 after purchasing an additional 180,591 shares during the period. Marcho Partners LLP increased its holdings in NU by 62.0% in the 4th quarter. Marcho Partners LLP now owns 3,540,289 shares of the company's stock valued at $36,677,000 after acquiring an additional 1,355,376 shares during the last quarter. Finally, Aviva PLC lifted its position in shares of NU by 1.7% in the fourth quarter. Aviva PLC now owns 2,174,340 shares of the company's stock worth $22,526,000 after buying an additional 35,492 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on NU. Barclays decreased their target price on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. UBS Group lowered their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.36.

NU Stock Performance

NU traded up $0.19 during trading on Thursday, hitting $10.99. 16,172,326 shares of the stock were exchanged, compared to its average volume of 40,037,022. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $52.39 billion, a P/E ratio of 27.44, a PEG ratio of 0.48 and a beta of 1.14. The stock has a fifty day moving average price of $11.33 and a two-hundred day moving average price of $12.35.

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, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during 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%. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.