Dynamic Technology Lab Private Ltd Reduces Position in Nu Holdings Ltd. (NYSE:NU)

Dynamic Technology Lab Private Ltd decreased its holdings in Nu Holdings Ltd. (NYSE:NU) by 85.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,153 shares of the company’s stock after selling 68,205 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in NU were worth $116,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NU. Aviva PLC lifted its position in NU by 1.7% during the fourth quarter. Aviva PLC now owns 2,174,340 shares of the company’s stock valued at $22,526,000 after purchasing an additional 35,492 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in NU during the 4th quarter valued at $7,729,000. First Western Trust Bank lifted its holdings in shares of NU by 29.9% during the 4th quarter. First Western Trust Bank now owns 22,904 shares of the company’s stock valued at $237,000 after buying an additional 5,276 shares during the period. Prudential PLC boosted its stake in shares of NU by 40.1% in the 4th quarter. Prudential PLC now owns 425,838 shares of the company’s stock worth $4,412,000 after buying an additional 121,881 shares during the last quarter. Finally, Proem Advisors LLC bought a new stake in shares of NU in the fourth quarter worth $4,403,000. Institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $14.00 to $13.00 in a report on Tuesday. UBS Group lowered 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, February 18th. Finally, Barclays cut their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.36.

NU Price Performance

Shares of NU stock opened at $10.54 on Friday. The company has a market capitalization of $50.25 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 0.48 and a beta of 1.14. 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’s 50-day simple moving average is $11.50 and its 200-day simple moving average is $12.40. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15.

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