First Trust Advisors LP Sells 455,475 Shares of Nu Holdings Ltd. (NYSE:NU)

First Trust Advisors LP cut its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 22.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,533,967 shares of the company's stock after selling 455,475 shares during the quarter. First Trust Advisors LP's holdings in NU were worth $15,892,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Piscataqua Savings Bank increased its holdings in shares of 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 buying an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. bought a new position in NU in the fourth quarter valued at about $52,000. Whipplewood Advisors LLC acquired a new stake in shares of NU during the fourth quarter valued at about $62,000. Ethos Financial Group LLC acquired a new position in shares of NU in the fourth quarter valued at approximately $82,000. Finally, Berbice Capital Management LLC bought a new position in NU in the 4th quarter valued at approximately $93,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. 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 research report on Tuesday, April 8th. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, UBS Group decreased their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.47.

NU Trading Up 1.2 %

NU stock traded up $0.15 during mid-day trading on Friday, reaching $12.49. The company's stock had a trading volume of 19,256,363 shares, compared to its average volume of 41,157,740. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The business's 50 day moving average price is $11.00 and its 200 day moving average price is $12.21. The company has a market cap of $60.16 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities research analysts predict 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.