Tidal Investments LLC Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

Tidal Investments LLC lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,291,453 shares of the company's stock after selling 21,503 shares during the quarter. Tidal Investments LLC's holdings in NU were worth $23,739,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Piscataqua Savings Bank increased its stake in NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after buying an additional 2,500 shares during the period. TD Waterhouse Canada Inc. increased its holdings in NU by 190.8% during the 4th 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 during the period. Campbell Capital Management Inc. acquired a new stake in NU in the 4th quarter valued at about $52,000. Cliffwater LLC purchased a new position in shares of NU in the 4th quarter valued at about $57,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of NU during the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Performance

NYSE NU traded down $0.31 during trading hours on Friday, hitting $11.95. 50,352,829 shares of the stock were exchanged, compared to its average volume of 43,199,560. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market cap of $57.56 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The stock has a 50-day moving average of $11.54 and a 200 day moving average of $12.00.

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

Analysts Set New Price Targets

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

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.