DnB Asset Management AS Trims Stock Position in Nu Holdings Ltd. (NYSE:NU)

DnB Asset Management AS cut its position in Nu Holdings Ltd. (NYSE:NU) by 59.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,227 shares of the company’s stock after selling 409,028 shares during the quarter. DnB Asset Management AS’s holdings in NU were worth $2,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of NU. Orion Portfolio Solutions LLC raised its position in shares of NU by 16.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 135,162 shares of the company’s stock worth $1,400,000 after buying an additional 19,485 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of NU by 39.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,791,418 shares of the company’s stock valued at $39,279,000 after acquiring an additional 1,071,368 shares in the last quarter. Norges Bank bought a new stake in shares of NU during the 4th quarter valued at about $447,762,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of NU by 3.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,504,884 shares of the company’s stock worth $27,479,000 after purchasing an additional 88,600 shares in the last quarter. Finally, Arlington Capital Management Inc. bought a new position in shares of NU in the fourth quarter worth approximately $249,000. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

NU stock opened at $10.26 on Tuesday. The firm has a 50-day moving average of $12.01 and a 200-day moving average of $12.72. The firm has a market cap of $48.91 billion, a P/E ratio of 25.66, a P/E/G ratio of 0.48 and a beta of 1.14. 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 $9.67 and a 1-year high of $16.15.

NU (NYSE:NU) last posted its earnings results 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 return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NU shares. Barclays decreased their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. UBS Group lowered their price target 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. Finally, JPMorgan Chase & Co. decreased their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $15.47.

NU 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.