Bessemer Group Inc. Has $1.47 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Bessemer Group Inc. cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,860 shares of the company’s stock after selling 25,195 shares during the quarter. Bessemer Group Inc.’s holdings in NU were worth $1,470,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NU. 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 period. Coldstream Capital Management Inc. boosted its holdings in NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after purchasing an additional 801 shares in the last quarter. Advisory Resource Group bought a new stake in NU in the third quarter valued at $979,000. Morse Asset Management Inc raised its stake in NU by 71.1% during the third quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock worth $802,000 after acquiring an additional 24,436 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of NU in the 3rd quarter valued at $148,000. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

Shares of NU stock opened at $10.65 on Tuesday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. 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 company has a market capitalization of $50.76 billion, a PE ratio of 26.63, a PEG ratio of 0.48 and a beta of 1.14. The stock’s fifty day simple moving average is $11.44 and its 200 day simple moving average is $12.37.

NU (NYSE:NU) last posted its 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. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NU shares. Barclays dropped their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, UBS Group dropped 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 analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus target price of $15.36.

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.