MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Position in Nu Holdings Ltd. (NYSE:NU)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,897 shares of the company's stock after selling 26,285 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NU were worth $1,232,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Piscataqua Savings Bank grew its holdings in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after acquiring an additional 2,500 shares during the period. TD Waterhouse Canada Inc. boosted its position in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after purchasing an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. purchased a new stake in NU during the fourth quarter worth $52,000. Cliffwater LLC purchased a new stake in NU during the fourth quarter worth $57,000. Finally, Whipplewood Advisors LLC purchased a new stake in NU during the fourth quarter worth $62,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Susquehanna upped their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Barclays upped their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $15.13.

NU Trading Down 2.0%

NYSE NU traded down $0.25 during trading hours on Thursday, hitting $11.95. 19,508,506 shares of the company's stock were exchanged, compared to its average volume of 52,798,246. The business's 50 day moving average is $11.58 and its 200-day moving average is $11.92. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The firm has a market capitalization of $57.59 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter last year, the company posted $0.09 earnings per share. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.