Redwood Investments LLC Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

Redwood Investments LLC reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 51.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 286,716 shares of the company's stock after selling 304,971 shares during the quarter. Redwood Investments LLC's holdings in NU were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Piscataqua Savings Bank lifted its holdings in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after buying an additional 3,215 shares during the period. Campbell Capital Management Inc. acquired a new position in shares of NU in the 4th quarter worth approximately $52,000. Cliffwater LLC acquired a new position in shares of NU in the fourth quarter worth about $57,000. Finally, Whipplewood Advisors LLC acquired a new stake in NU during the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays increased their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Susquehanna raised their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group decreased their price objective on shares of 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 issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, NU has an average rating of "Moderate Buy" and a consensus target price of $15.13.

NU Price Performance

Shares of NU traded down $0.34 during mid-day trading on Tuesday, reaching $12.76. The company had a trading volume of 25,091,466 shares, compared to its average volume of 52,174,301. The company has a market capitalization of $61.47 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-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 company's 50 day simple moving average is $11.49 and its 200 day simple moving average is $12.01.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. 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.