Jupiter Asset Management Ltd. decreased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 56.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,691,890 shares of the company's stock after selling 2,161,717 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in NU were worth $17,528,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in shares of NU by 111.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 26,686 shares of the company's stock worth $276,000 after acquiring an additional 14,065 shares in the last quarter. AGF Management Ltd. acquired a new position in shares of NU in the 4th quarter worth approximately $139,000. Donaldson Capital Management LLC grew its position in shares of NU by 26.7% in the 4th quarter. Donaldson Capital Management LLC now owns 230,659 shares of the company's stock worth $2,390,000 after acquiring an additional 48,562 shares in the last quarter. Moran Wealth Management LLC grew its position in shares of NU by 4,617.6% in the 4th quarter. Moran Wealth Management LLC now owns 738,727 shares of the company's stock worth $7,653,000 after acquiring an additional 723,068 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of NU by 77.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,433,205 shares of the company's stock worth $14,848,000 after purchasing an additional 625,397 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on NU. UBS Group cut their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Citigroup downgraded NU from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Itau BBA Securities cut NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Finally, KeyCorp raised their price objective on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $15.47.
Read Our Latest Stock Analysis on NU
NU Price Performance
NU opened at $10.92 on Thursday. Nu Holdings Ltd. has a one year low of $9.67 and a one 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 company's 50 day simple moving average is $11.99 and its 200-day simple moving average is $13.01. The stock has a market capitalization of $52.03 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
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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