Bank of New York Mellon Corp Sells 89,581 Shares of Nu Holdings Ltd. (NYSE:NU)

Bank of New York Mellon Corp reduced its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,591,264 shares of the company's stock after selling 89,581 shares during the quarter. Bank of New York Mellon Corp owned about 0.18% of NU worth $89,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. First Trust Direct Indexing L.P. acquired a new position in NU during the third quarter valued at approximately $142,000. Financial Advocates Investment Management lifted its stake in NU by 7.1% in the 3rd quarter. Financial Advocates Investment Management now owns 38,155 shares of the company's stock valued at $521,000 after acquiring an additional 2,537 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in NU during the third quarter worth $236,000. Harbor Capital Advisors Inc. bought a new position in shares of NU in the 3rd quarter valued at about $581,000. Finally, GFS Advisors LLC increased its position in shares of NU by 26,218.7% in the third quarter. GFS Advisors LLC now owns 513,215 shares of the company's stock valued at $7,005,000 after acquiring an additional 511,265 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

NU stock traded down $0.20 during trading hours on Thursday, hitting $10.67. The company had a trading volume of 38,656,786 shares, compared to its average volume of 48,134,695. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The firm has a market cap of $50.87 billion, a PE ratio of 26.69, a PEG ratio of 0.48 and a beta of 1.10. The firm has a 50-day moving average of $11.96 and a 200 day moving average of $13.14. 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 results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on NU shares. The Goldman Sachs Group raised their price target on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and decreased their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Barclays cut their price target on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. Finally, UBS Group cut their target price 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 research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, NU has a consensus rating of "Hold" and a consensus price target of $15.47.

NU Company 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.