Bank of Montreal Can Sells 949,239 Shares of Nu Holdings Ltd. (NYSE:NU)

Bank of Montreal Can lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 73.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,724 shares of the company's stock after selling 949,239 shares during the quarter. Bank of Montreal Can's holdings in NU were worth $3,509,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft boosted its holdings in NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after acquiring an additional 58,183 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Franklin Resources Inc. grew its stake in NU by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock valued at $74,288,000 after purchasing an additional 271,903 shares during the period. Blankinship & Foster LLC purchased a new stake in shares of NU during the 3rd quarter valued at $3,212,000. Finally, Barclays PLC raised its stake in shares of NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after purchasing an additional 359,733 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Price Performance

Shares of NU stock traded up $0.18 during trading on Friday, hitting $10.98. The company had a trading volume of 34,617,402 shares, compared to its average volume of 40,310,481. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week 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 stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The stock's 50-day moving average is $11.21 and its two-hundred day moving average is $12.31.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Barclays lowered their target price on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.36.

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.