Atmos Capital Gestao DE Recursos LTDA. Lowers Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Atmos Capital Gestao DE Recursos LTDA. trimmed its holdings in Nu Holdings Ltd. (NYSE:NU) by 61.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,606,283 shares of the company’s stock after selling 7,224,453 shares during the quarter. NU comprises approximately 10.3% of Atmos Capital Gestao DE Recursos LTDA.’s portfolio, making the stock its 6th biggest position. Atmos Capital Gestao DE Recursos LTDA. owned about 0.10% of NU worth $47,721,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Piscataqua Savings Bank grew its holdings in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring an additional 2,500 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after purchasing an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of NU during the 4th quarter valued at about $52,000. Whipplewood Advisors LLC bought a new position in shares of NU in the 4th quarter worth approximately $62,000. Finally, Ethos Financial Group LLC purchased a new position in shares of NU in the fourth quarter worth approximately $82,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NU stock opened at $11.19 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The stock’s 50-day simple moving average is $11.10 and its 200-day simple moving average is $12.27. The company has a market capitalization of $53.33 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NU. Barclays decreased their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. 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 stock. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average 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.