Boothbay Fund Management LLC Sells 32,133 Shares of Nu Holdings Ltd. (NYSE:NU)

Boothbay Fund Management LLC decreased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 73.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,369 shares of the company's stock after selling 32,133 shares during the period. Boothbay Fund Management LLC's holdings in NU were worth $118,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NU. Barclays PLC boosted its position in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of NU in the third quarter valued at approximately $148,000. Franklin Resources Inc. boosted its holdings in shares of NU by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock worth $74,288,000 after acquiring an additional 271,903 shares in the last quarter. Principal Financial Group Inc. grew its position in NU by 315.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company's stock worth $15,745,000 after acquiring an additional 876,039 shares during the last quarter. Finally, First Hawaiian Bank increased its holdings in NU by 16.8% during the 4th quarter. First Hawaiian Bank now owns 102,786 shares of the company's stock valued at $1,065,000 after purchasing an additional 14,752 shares in the last quarter. Institutional investors own 84.02% of the company's stock.

NU Stock Down 0.3 %

Shares of NYSE:NU traded down $0.04 during mid-day trading on Tuesday, reaching $12.44. 46,124,872 shares of the stock were exchanged, compared to its average volume of 41,512,559. The stock's 50 day simple moving average is $11.07 and its 200-day simple moving average is $12.16. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a market cap of $59.92 billion, a P/E ratio of 31.09, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NU shares. Barclays increased 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. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised 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 note on Tuesday, April 8th. One equities 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 company's stock. Based on data from MarketBeat, NU has an average rating of "Moderate Buy" and an average price target of $15.47.

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.