New Vernon Investment Management LLC Decreases Holdings in Nu Holdings Ltd. (NYSE:NU)

New Vernon Investment Management LLC reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 79.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,700 shares of the company's stock after selling 21,924 shares during the quarter. New Vernon Investment Management LLC's holdings in NU were worth $59,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NU. Baader Bank Aktiengesellschaft raised its stake in shares of NU by 19.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock valued at $3,680,000 after buying an additional 58,183 shares during the period. Baillie Gifford & Co. raised its stake in shares of NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after buying an additional 14,875,891 shares during the period. Franklin Resources Inc. raised its stake in shares of NU by 5.7% in the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock valued at $74,288,000 after buying an additional 271,903 shares during the period. Blankinship & Foster LLC bought a new stake in shares of NU in the third quarter valued at $3,212,000. Finally, Barclays PLC raised its stake in shares of NU by 55.7% in the third quarter. Barclays PLC now owns 1,005,022 shares of the company's stock valued at $13,718,000 after buying an additional 359,733 shares during the period. 84.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on NU shares. Barclays increased their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group cut their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.47.

NU Price Performance

NU traded down $0.13 on Wednesday, reaching $12.28. The company had a trading volume of 27,753,689 shares, compared to its average volume of 41,001,654. The business has a 50 day simple moving average of $10.94 and a 200 day simple moving average of $12.22. The company has a market cap of $58.53 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 0.48 and a beta of 1.14. 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 Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

About NU

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.