BIT Capital GmbH trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 99.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,163 shares of the company's stock after selling 4,559,899 shares during the period. BIT Capital GmbH's holdings in NU were worth $157,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of NU. Baader Bank Aktiengesellschaft increased its stake in NU by 19.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock valued at $3,680,000 after purchasing an additional 58,183 shares during the last quarter. Summit Partners Public Asset Management LLC boosted its position in shares of NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company's stock worth $4,095,000 after acquiring an additional 50,000 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in NU by 6.2% in the third quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company's stock valued at $17,819,000 after purchasing an additional 76,009 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in NU during the third quarter worth approximately $15,829,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of NU in the 3rd quarter valued at $69,022,000. 84.02% of the stock is owned by institutional investors and hedge funds.
NU Stock Down 1.2 %
NU stock traded down $0.13 during midday trading on Monday, hitting $10.23. 39,689,285 shares of the stock were exchanged, compared to its average volume of 37,695,639. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market cap of $48.73 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a 50 day moving average price of $12.04 and a two-hundred day moving average price of $12.75.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently commented on NU. Barclays dropped their price objective on NU from $17.00 to $15.00 and set an "overweight" 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 price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group dropped 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, JPMorgan Chase & Co. reduced their price target on shares of NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. One investment 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $15.47.
View Our Latest Research Report on NU
NU Profile
(
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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