Ellevest Inc. Sells 1,990 Shares of Nu Holdings Ltd. (NYSE:NU)

Ellevest Inc. lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,887 shares of the company’s stock after selling 1,990 shares during the quarter. Ellevest Inc.’s holdings in NU were worth $403,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NU. Piscataqua Savings Bank boosted its holdings in NU by 500.0% in the fourth 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 during the last quarter. TD Waterhouse Canada Inc. boosted 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 during the last quarter. Campbell Capital Management Inc. acquired a new stake in shares of NU during the fourth quarter worth $52,000. Cliffwater LLC bought a new position in NU during the fourth quarter worth $57,000. Finally, Whipplewood Advisors LLC acquired a new position in NU in the fourth quarter valued at $62,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays raised their target price on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. One equities research 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.47.

NU Price Performance

Shares of NU opened at $12.84 on Friday. The business’s fifty day moving average is $11.19 and its 200 day moving average is $12.14. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month 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. The stock has a market cap of $61.87 billion, a P/E ratio of 32.10, a P/E/G ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal 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.