DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Cuts Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 86.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,000 shares of the company's stock after selling 668,833 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in NU were worth $1,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock valued at $13,718,000 after acquiring an additional 359,733 shares during the last quarter. Principal Financial Group Inc. increased its stake in NU by 315.8% during the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company's stock worth $15,745,000 after purchasing an additional 876,039 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in NU by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after purchasing an additional 1,000 shares during the period. Matrix Trust Co purchased a new stake in shares of NU during the fourth quarter worth approximately $143,000. Finally, AdvisorNet Financial Inc increased its stake in shares of NU by 85.8% during the fourth quarter. AdvisorNet Financial Inc now owns 42,612 shares of the company's stock worth $441,000 after buying an additional 19,675 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NU. Barclays upped their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. UBS Group cut their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.47.

NU Price Performance

Shares of NYSE NU opened at $12.84 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 stock has a fifty day moving average price of $11.19 and a 200 day moving average price of $12.10. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a market cap of $61.87 billion, a PE ratio of 32.10, a P/E/G ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current 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.

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