Bamco Inc. NY Has $32.64 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Bamco Inc. NY reduced its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,150,690 shares of the company's stock after selling 559,266 shares during the period. Bamco Inc. NY owned 0.07% of NU worth $32,641,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Piscataqua Savings Bank lifted its holdings in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after purchasing an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after buying an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. bought a new position in shares of NU during the 4th quarter worth approximately $52,000. Whipplewood Advisors LLC acquired a new position in shares of NU during the 4th quarter worth approximately $62,000. Finally, Ethos Financial Group LLC acquired a new stake in NU during the 4th quarter valued at $82,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NU stock traded down $0.07 during mid-day trading on Wednesday, reaching $12.38. 48,429,873 shares of the company were exchanged, compared to its average volume of 41,625,429. The company has a fifty day simple moving average of $11.10 and a 200-day simple moving average of $12.16. The firm has a market cap of $59.63 billion, a PE ratio of 30.94, a PEG ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NU shares. 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 note on Tuesday, April 8th. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays increased their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.47.

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.