Nu Holdings Ltd. (NYSE:NU) Holdings Trimmed by US Bancorp DE

US Bancorp DE cut its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 21.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 244,600 shares of the company's stock after selling 67,866 shares during the period. US Bancorp DE's holdings in NU were worth $2,534,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SVB Wealth LLC acquired a new position in NU during the 4th quarter worth approximately $1,837,000. Proficio Capital Partners LLC acquired a new position in NU during the 4th quarter worth approximately $441,000. Oppenheimer & Co. Inc. lifted its position in NU by 168.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 59,427 shares of the company's stock worth $616,000 after acquiring an additional 37,264 shares in the last quarter. Kovack Advisors Inc. acquired a new position in NU during the 4th quarter worth approximately $111,000. Finally, Nwam LLC lifted its position in NU by 18.8% during the 4th quarter. Nwam LLC now owns 30,175 shares of the company's stock worth $313,000 after acquiring an additional 4,765 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

NU traded up $0.18 during trading on Friday, reaching $10.83. 63,811,437 shares of the company were exchanged, compared to its average volume of 49,158,207. The stock has a market cap of $51.63 billion, a P/E ratio of 27.08, a PEG ratio of 0.48 and a beta of 1.14. The firm has a 50 day moving average of $11.98 and a 200 day moving average of $13.08. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15.

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NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting 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 forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. 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 report on Monday, December 2nd. Itau BBA Securities downgraded NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. Barclays dropped their price objective on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th. 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. According to MarketBeat, NU currently has an average 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.