Laird Norton Wetherby Wealth Management LLC lessened its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,044 shares of the company's stock after selling 25,203 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in NU were worth $2,186,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in NU. J. Goldman & Co LP acquired a new position in shares of NU in the 4th quarter valued at approximately $290,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of NU by 13.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 10,587,873 shares of the company's stock valued at $109,690,000 after buying an additional 1,251,358 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of NU during the fourth quarter worth $1,338,000. Graham Capital Management L.P. raised its holdings in shares of NU by 1,600.5% during the fourth quarter. Graham Capital Management L.P. now owns 510,147 shares of the company's stock worth $5,285,000 after acquiring an additional 480,147 shares during the period. Finally, Flight Deck Capital LP raised its holdings in shares of NU by 35.5% during the fourth quarter. Flight Deck Capital LP now owns 1,082,633 shares of the company's stock worth $11,216,000 after acquiring an additional 283,800 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.
NU Trading Down 0.7%
Shares of NYSE:NU traded down $0.09 during mid-day trading on Friday, reaching $13.04. 40,453,732 shares of the company's stock were exchanged, compared to its average volume of 42,545,927. 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 twelve month low of $9.01 and a twelve month high of $16.15. The firm has a market capitalization of $62.83 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 0.48 and a beta of 1.11. The business's fifty day moving average price is $11.40 and its 200-day moving average price is $12.08.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business posted $0.09 EPS. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. JPMorgan Chase & Co. upgraded 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 report on Tuesday, April 8th. Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday. UBS Group lowered their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Finally, Barclays increased their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, NU presently has a consensus rating of "Moderate Buy" and an average target price of $15.13.
Check Out Our Latest Analysis on NU
NU Company Profile
(
Free Report)
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.
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