Artisan Partners Limited Partnership cut its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,366,999 shares of the company's stock after selling 2,602,689 shares during the quarter. Artisan Partners Limited Partnership owned 0.70% of NU worth $345,682,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of NU. LRI Investments LLC lifted its position in shares of NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company's stock worth $341,000 after buying an additional 743 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock valued at $362,000 after acquiring an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in NU by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after acquiring an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its position in NU by 2.0% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock worth $579,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after purchasing an additional 1,011 shares during the period. Institutional investors own 84.02% of the company's stock.
NU Stock Down 1.3 %
Shares of NYSE:NU traded down $0.14 during trading on Monday, reaching $10.22. 32,707,324 shares of the stock traded hands, compared to its average volume of 49,966,313. The stock has a market cap of $48.68 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15. The stock has a 50-day moving average of $12.04 and a two-hundred day moving average of $12.75.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.17 billion. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th. UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Finally, Citigroup lowered NU from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $15.47.
View Our Latest Stock Report on NU
About NU
(
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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