MRP Capital Investments LLC Sells 5,450 Shares of Nu Holdings Ltd. (NYSE:NU)

MRP Capital Investments LLC cut its position in shares of Nu Holdings Ltd. (NYSE:NU) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,650 shares of the company’s stock after selling 5,450 shares during the quarter. MRP Capital Investments LLC’s holdings in NU were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NU. Oppenheimer Asset Management Inc. boosted its position in shares of NU by 13.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 23,089 shares of the company’s stock valued at $315,000 after purchasing an additional 2,695 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in NU by 45.1% in the third quarter. Oppenheimer & Co. Inc. now owns 22,163 shares of the company’s stock worth $303,000 after acquiring an additional 6,891 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after acquiring an additional 1,248 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in NU by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after acquiring an additional 48,445 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in NU by 27.0% in the third quarter. Caprock Group LLC now owns 14,815 shares of the company’s stock worth $202,000 after acquiring an additional 3,152 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Down 4.7 %

NU stock opened at $11.39 on Friday. The stock has a market cap of $54.26 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The stock has a fifty day moving average of $12.04 and a 200 day moving average of $12.90.

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. UBS Group dropped their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Citigroup cut NU from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, Barclays decreased their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NU presently has a consensus rating of “Hold” and an average price target 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.