Berkshire Hathaway Inc Has $416.27 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Berkshire Hathaway Inc lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 53.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,180,168 shares of the company's stock after selling 46,258,829 shares during the period. NU makes up 0.2% of Berkshire Hathaway Inc's portfolio, making the stock its 28th biggest position. Berkshire Hathaway Inc owned approximately 0.84% of NU worth $416,267,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Ameriprise Financial Inc. boosted its position in shares of NU by 7.2% during the fourth quarter. Ameriprise Financial Inc. now owns 7,480,461 shares of the company's stock worth $77,498,000 after buying an additional 504,885 shares during the period. Advanced Portfolio Management LLC bought a new position in shares of NU during the 4th quarter worth approximately $2,849,000. AlTi Global Inc. acquired a new stake in shares of NU in the fourth quarter valued at approximately $123,000. Metavasi Capital LP acquired a new stake in shares of NU in the fourth quarter valued at approximately $2,849,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of NU by 1,245.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 177,174 shares of the company's stock worth $1,836,000 after purchasing an additional 164,001 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

NU has been the topic of several recent research reports. Barclays lifted their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group reduced their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report 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. Based on data from MarketBeat, NU has a consensus rating of "Moderate Buy" and a consensus target price of $15.47.

NU Stock Performance

Shares of NYSE:NU traded down $0.07 on Wednesday, hitting $12.38. The company had a trading volume of 48,429,873 shares, compared to its average volume of 41,625,429. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market cap of $59.63 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 0.48 and a beta of 1.11. The stock has a 50 day moving average price of $11.07 and a 200 day moving average price of $12.16. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. Analysts expect 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.