Quantinno Capital Management LP Reduces Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Quantinno Capital Management LP cut its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,641 shares of the company's stock after selling 28,515 shares during the quarter. Quantinno Capital Management LP's holdings in NU were worth $369,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NU. Barclays PLC lifted its position in shares of 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 during the last quarter. Park Avenue Securities LLC lifted its position in shares of NU by 57.7% during the fourth quarter. Park Avenue Securities LLC now owns 31,682 shares of the company's stock valued at $328,000 after buying an additional 11,586 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of NU during the fourth quarter worth $159,000. HB Wealth Management LLC increased its position in NU by 11.7% during the 4th quarter. HB Wealth Management LLC now owns 17,668 shares of the company's stock valued at $183,000 after buying an additional 1,852 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of NU in the 4th quarter valued at approximately $141,000. Institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NU stock traded down $0.15 during mid-day trading on Friday, hitting $11.85. 9,390,501 shares of the stock were exchanged, compared to its average volume of 43,654,136. The stock has a market capitalization of $57.08 billion, a price-to-earnings ratio of 29.61, a P/E/G 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's fifty day simple moving average is $11.58 and its two-hundred day simple moving average is $11.89. 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same period in the previous year, the firm posted $0.09 EPS. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the subject of several research analyst reports. Susquehanna raised their price objective 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. upgraded NU from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Barclays increased 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. Finally, UBS Group cut 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, NU currently has an average 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.