Ellevest Inc. Cuts Holdings in Nu Holdings Ltd. (NYSE:NU)

Ellevest Inc. decreased its position in Nu Holdings Ltd. (NYSE:NU) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,887 shares of the company’s stock after selling 1,990 shares during the period. Ellevest Inc.’s holdings in NU were worth $403,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of NU. Barclays PLC boosted its holdings in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock worth $13,718,000 after buying an additional 359,733 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of NU by 315.8% during 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 period. First Hawaiian Bank raised its holdings in shares of NU by 16.8% in the 4th quarter. First Hawaiian Bank now owns 102,786 shares of the company’s stock worth $1,065,000 after purchasing an additional 14,752 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Graypoint LLC bought a new position in NU during the fourth quarter valued at $6,775,000. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

NU has been the topic of several research reports. Barclays boosted their target price on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, UBS Group reduced their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.47.

NU Stock Performance

NU stock opened at $12.84 on Friday. The firm’s 50 day simple moving average is $11.19 and its 200 day simple moving average is $12.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The firm has a market capitalization of $61.87 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting 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.