DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Reduces Stock Position in Nu Holdings Ltd. (NYSE:NU)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in Nu Holdings Ltd. (NYSE:NU) by 86.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 105,000 shares of the company’s stock after selling 668,833 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in NU were worth $1,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC raised its holdings in shares of NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after buying an additional 359,733 shares during the period. Principal Financial Group Inc. increased its holdings in shares of NU by 315.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock valued at $15,745,000 after acquiring an additional 876,039 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of NU by 1.5% in the 4th 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. Matrix Trust Co acquired a new position in NU during the 4th quarter valued at approximately $143,000. Finally, AdvisorNet Financial Inc boosted its position in NU by 85.8% during the 4th quarter. AdvisorNet Financial Inc now owns 42,612 shares of the company’s stock valued at $441,000 after purchasing an additional 19,675 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NU has been the subject of a number of analyst reports. Barclays boosted their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group reduced their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.47.

NU Stock Performance

Shares of NYSE NU opened at $12.84 on Monday. The business’s 50-day moving average price is $11.19 and its two-hundred day moving average price is $12.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a market capitalization of $61.87 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Analysts anticipate 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.