Berkshire Hathaway Inc Decreases Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

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

Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. grew 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 in the last quarter. Advanced Portfolio Management LLC acquired a new stake in NU in the fourth quarter worth approximately $2,849,000. AlTi Global Inc. bought a new stake in NU during the fourth quarter worth approximately $123,000. Metavasi Capital LP acquired a new stake in NU during the 4th quarter valued at $2,849,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of NU by 1,245.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 177,174 shares of the company's stock valued at $1,836,000 after acquiring an additional 164,001 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NU stock traded up $0.02 during mid-day trading on Friday, hitting $12.82. 29,026,615 shares of the company traded hands, compared to its average volume of 41,724,302. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a fifty day moving average price of $11.14 and a 200-day moving average price of $12.15. The stock has a market cap of $61.78 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11.

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

Wall Street Analyst Weigh In

NU has been the topic of several research analyst reports. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their price target for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, NU currently has an average rating of "Moderate Buy" and a consensus 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.