Nu Holdings Ltd. (NYSE:NU) Shares Sold by PARUS FINANCE UK Ltd

PARUS FINANCE UK Ltd trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 57.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,336 shares of the company’s stock after selling 21,750 shares during the quarter. PARUS FINANCE UK Ltd’s holdings in NU were worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. OneAscent Wealth Management LLC boosted its stake in shares of NU by 6.5% during the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock worth $129,000 after acquiring an additional 760 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in NU by 16.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 135,162 shares of the company’s stock worth $1,400,000 after purchasing an additional 19,485 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in NU by 39.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,791,418 shares of the company’s stock valued at $39,279,000 after purchasing an additional 1,071,368 shares during the period. Norges Bank purchased a new stake in shares of NU in the fourth quarter valued at approximately $447,762,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of NU by 3.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,504,884 shares of the company’s stock valued at $27,479,000 after buying an additional 88,600 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NU has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. dropped their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One 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 MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.47.

NU Stock Performance

Shares of NU stock opened at $10.34 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The company has a market cap of $49.26 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The stock has a 50 day simple moving average of $12.04 and a 200-day simple moving average of $12.76.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU 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.