Redwood Investments LLC Sells 304,971 Shares of Nu Holdings Ltd. (NYSE:NU)

Redwood Investments LLC trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 51.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,716 shares of the company’s stock after selling 304,971 shares during the quarter. Redwood Investments LLC’s holdings in NU were worth $2,970,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Baader Bank Aktiengesellschaft grew its stake in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after buying an additional 58,183 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Barclays PLC increased its stake in NU by 55.7% in the third quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after acquiring an additional 359,733 shares during the last quarter. Carnegie Investment Counsel raised its position in NU by 5.4% during the fourth quarter. Carnegie Investment Counsel now owns 1,347,980 shares of the company’s stock valued at $13,965,000 after purchasing an additional 68,850 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its stake in NU by 73.3% during the fourth quarter. Artemis Investment Management LLP now owns 571,753 shares of the company’s stock worth $5,923,000 after purchasing an additional 241,907 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NU. Susquehanna lifted their price target on NU from $14.00 to $15.00 and gave the company a “positive” rating in a research note on Wednesday. Barclays raised their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.13.

NU Stock Performance

Shares of NU stock opened at $13.49 on Thursday. The firm has a market capitalization of $65.00 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 0.48 and a beta of 1.11. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $11.34 and its 200-day moving average price is $12.10. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

NU (NYSE:NU) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.