Nu Holdings Ltd. (NYSE:NU) Shares Sold by Deepwater Asset Management LLC

Deepwater Asset Management LLC trimmed its holdings in Nu Holdings Ltd. (NYSE:NU) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,640,731 shares of the company’s stock after selling 115,547 shares during the period. NU comprises about 5.4% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Deepwater Asset Management LLC’s holdings in NU were worth $13,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its holdings in shares of NU by 10.9% in the third quarter. AE Wealth Management LLC now owns 13,268 shares of the company’s stock valued at $96,000 after purchasing an additional 1,299 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of NU by 10.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock valued at $121,000 after purchasing an additional 1,330 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of NU by 4.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 33,583 shares of the company’s stock valued at $243,000 after purchasing an additional 1,364 shares in the last quarter. Impact Partnership Wealth LLC lifted its holdings in shares of NU by 14.4% in the third quarter. Impact Partnership Wealth LLC now owns 12,362 shares of the company’s stock valued at $90,000 after purchasing an additional 1,560 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in NU by 37.0% during the second quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock worth $48,000 after acquiring an additional 1,641 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TheStreet upgraded NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. UBS Group upped their target price on NU from $10.50 to $11.50 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Susquehanna upped their target price on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.67.

NU Stock Performance

Shares of NU stock traded up $0.06 on Tuesday, hitting $12.23. The stock had a trading volume of 18,086,252 shares, compared to its average volume of 34,584,773. Nu Holdings Ltd. has a twelve month low of $4.21 and a twelve month high of $12.39. The business’s 50 day moving average is $10.44 and its two-hundred day moving average is $8.88. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The stock has a market cap of $57.42 billion, a price-to-earnings ratio of 58.24, a price-to-earnings-growth ratio of 0.60 and a beta of 1.07.

NU (NYSE:NU) last posted its earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same period in the previous year, the company posted $0.03 EPS. Analysts forecast that Nu Holdings Ltd. will post 0.39 EPS for the current year.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.