Invesco Ltd. Cuts Position in Nu Holdings Ltd. (NYSE:NU)

Invesco Ltd. lowered its position in Nu Holdings Ltd. (NYSE:NU) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,261,557 shares of the company’s stock after selling 1,349,957 shares during the quarter. Invesco Ltd.’s holdings in NU were worth $178,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Piscataqua Savings Bank lifted its position in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in NU during the 4th quarter worth about $52,000. Whipplewood Advisors LLC acquired a new position in shares of NU during the 4th quarter worth about $62,000. Ethos Financial Group LLC acquired a new position in shares of NU during the 4th quarter worth about $82,000. Finally, Berbice Capital Management LLC purchased a new position in shares of NU in the 4th quarter valued at about $93,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 2.9 %

Shares of NU stock opened at $10.54 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $50.25 billion, a P/E ratio of 26.36, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The company’s fifty day moving average is $11.50 and its two-hundred day moving average is $12.40.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting 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 return on equity of 30.99% and a net margin of 17.12%. Analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NU shares. Barclays lowered their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. UBS Group lowered their target price 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. Finally, JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.36.

NU Company 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.