Van ECK Associates Corp cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 48.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 306,269 shares of the company's stock after selling 283,584 shares during the quarter. Van ECK Associates Corp's holdings in NU were worth $3,173,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. LRI Investments LLC increased its holdings in shares of NU by 3.1% during the third quarter. LRI Investments LLC now owns 24,983 shares of the company's stock worth $341,000 after purchasing an additional 743 shares during the period. Coldstream Capital Management Inc. increased its stake in NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock valued at $362,000 after acquiring an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock valued at $716,000 after acquiring an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. increased its stake in NU by 2.0% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock valued at $579,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its stake in NU by 9.9% in the fourth quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company's stock valued at $152,000 after acquiring an additional 1,216 shares during the last quarter. 84.02% of the stock is owned by institutional investors.
Shares of NYSE NU traded down $2.57 during midday trading on Friday, reaching $10.78. 164,182,373 shares of the company were exchanged, compared to its average volume of 39,333,508. The stock's 50-day moving average price is $11.95 and its 200-day moving average price is $13.23. The stock has a market cap of $51.35 billion, a P/E ratio of 29.93, a PEG ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a net margin of 16.28% and a return on equity of 28.70%. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.17 billion. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.42 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on NU. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday. The Goldman Sachs Group lifted their price objective on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. KeyCorp lifted their price objective on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Susquehanna lifted their price objective on shares of NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $15.80.
Read Our Latest Research Report on 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.
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