Price T Rowe Associates Inc. MD Decreases Position in Nu Holdings Ltd. (NYSE:NU)

Price T Rowe Associates Inc. MD lowered its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 43,649,717 shares of the company's stock after selling 3,968,076 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.92% of NU worth $452,213,000 at the end of the most recent reporting period.

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

NU Trading Down 1.6 %

NU stock traded down $0.20 during midday trading on Wednesday, reaching $12.22. 17,768,179 shares of the stock traded hands, compared to its average volume of 40,959,680. The firm has a market cap of $58.22 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $10.94 and a two-hundred day simple moving average of $12.22.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. Research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays lifted their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.