BNP Paribas Has $5.11 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

BNP Paribas reduced its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 30.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 492,946 shares of the company's stock after selling 215,808 shares during the quarter. BNP Paribas' holdings in NU were worth $5,110,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NU. Barclays PLC raised its holdings in NU by 55.7% during the third 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in NU in the third quarter worth about $148,000. Franklin Resources Inc. grew its position in NU by 5.7% in the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock worth $74,288,000 after buying an additional 271,903 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of NU by 315.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company's stock valued at $15,745,000 after acquiring an additional 876,039 shares during the last quarter. Finally, First Hawaiian Bank boosted its stake in shares of NU by 16.8% during the 4th quarter. First Hawaiian Bank now owns 102,786 shares of the company's stock worth $1,065,000 after acquiring an additional 14,752 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on NU shares. Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, UBS Group lowered their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.47.

NU Price Performance

Shares of NYSE NU traded down $0.07 during midday trading on Wednesday, reaching $12.38. The company's stock had a trading volume of 48,429,873 shares, compared to its average volume of 41,625,429. The company has a market cap of $59.63 billion, a P/E ratio of 30.94, a P/E/G ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a fifty-two week low of $9.01 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 business's 50 day moving average price is $11.07 and its two-hundred day moving average price is $12.16.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share 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 company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.