Two Sigma Investments LP cut its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 58.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,646,131 shares of the company's stock after selling 5,163,820 shares during the period. Two Sigma Investments LP owned approximately 0.08% of NU worth $37,774,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of NU. Baader Bank Aktiengesellschaft boosted its stake in shares of NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after acquiring an additional 58,183 shares in the last quarter. Baillie Gifford & Co. boosted its position in NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. Barclays PLC boosted its position 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 during the period. KBC Group NV grew its holdings in NU by 314.8% during the fourth quarter. KBC Group NV now owns 633,708 shares of the company's stock valued at $6,565,000 after purchasing an additional 480,922 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC raised its position in shares of NU by 131.7% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 37,992 shares of the company's stock valued at $394,000 after purchasing an additional 21,592 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on NU shares. UBS Group lowered 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. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Susquehanna lifted 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. Finally, Barclays increased their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, NU currently has a consensus rating of "Moderate Buy" and an average target price of $15.13.
View Our Latest Stock Analysis on NU
NU Stock Performance
Shares of NYSE NU traded down $0.27 during mid-day trading on Monday, hitting $11.98. The company had a trading volume of 77,281,317 shares, compared to its average volume of 43,513,173. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. 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 firm has a market cap of $57.73 billion, a P/E ratio of 29.95, a PEG ratio of 0.48 and a beta of 1.11. The business's 50-day simple moving average is $11.55 and its 200-day simple moving average is $11.94.
NU (NYSE:NU - Get Free Report) last announced 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). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter in the prior year, the business posted $0.09 EPS. As a group, analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
About NU
(
Free Report)
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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