Nu Holdings Ltd. (NYSE:NU) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S cut its holdings in Nu Holdings Ltd. (NYSE:NU) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,954 shares of the company’s stock after selling 1,467 shares during the period. C WorldWide Group Holding A S’s holdings in NU were worth $507,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its stake in NU by 45.0% during the 4th quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 145,000 shares of the company’s stock valued at $1,544,000 after purchasing an additional 45,000 shares during the period. Matauro LLC acquired a new position in NU during the 4th quarter valued at about $120,000. Transcend Capital Advisors LLC boosted its stake in NU by 22.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 21,558 shares of the company’s stock valued at $223,000 after purchasing an additional 4,000 shares during the period. Jordan Park Group LLC boosted its stake in NU by 86.2% during the 4th quarter. Jordan Park Group LLC now owns 854,421 shares of the company’s stock valued at $8,852,000 after purchasing an additional 395,429 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in NU by 31.0% during the 4th quarter. Handelsbanken Fonder AB now owns 1,189,159 shares of the company’s stock valued at $12,320,000 after purchasing an additional 281,742 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Down 19.2 %

NYSE NU opened at $10.78 on Monday. 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 $11.92 and its 200 day simple moving average is $13.26. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The company has a market capitalization of $51.35 billion, a P/E ratio of 26.94, a PEG ratio of 0.48 and a beta of 1.10.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. KeyCorp boosted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.80.

About NU

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.