Nu Holdings Ltd. (NYSE:NU) Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,370 shares of the company’s stock after selling 5,510 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in NU were worth $242,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Piscataqua Savings Bank raised its holdings in shares of NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the last quarter. Huntington National Bank raised its holdings in shares of NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares during the last quarter. Berbice Capital Management LLC acquired a new position in shares of NU during the fourth quarter valued at approximately $93,000. SteelPeak Wealth LLC acquired a new position in shares of NU during the fourth quarter valued at approximately $105,000. Finally, Quarry LP raised its holdings in shares of NU by 104.8% during the third quarter. Quarry LP now owns 7,890 shares of the company’s stock valued at $108,000 after acquiring an additional 4,037 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Citigroup lowered NU from a “neutral” rating to a “sell” rating and dropped their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, UBS Group dropped their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NU has a consensus rating of “Hold” and a consensus target price of $15.80.

NU Trading Down 19.2 %

Shares of NU stock opened at $10.78 on Monday. The firm has a market capitalization of $51.35 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a 50 day moving average of $11.92 and a 200 day moving average of $13.26.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU 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.