Nu Holdings Ltd. (NYSE:NU) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd trimmed its position in Nu Holdings Ltd. (NYSE:NU) by 87.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,304 shares of the company’s stock after selling 37,006 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NU were worth $55,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NU. 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 purchasing an additional 48,445 shares during the period. Caprock Group LLC boosted its holdings in shares of NU by 27.0% in the 3rd quarter. Caprock Group LLC now owns 14,815 shares of the company’s stock valued at $202,000 after buying an additional 3,152 shares during the period. PNC Financial Services Group Inc. raised its stake in NU by 7.7% during the third quarter. PNC Financial Services Group Inc. now owns 191,642 shares of the company’s stock worth $2,616,000 after acquiring an additional 13,653 shares during the period. Avior Wealth Management LLC lifted its holdings in NU by 51.8% in the third quarter. Avior Wealth Management LLC now owns 9,985 shares of the company’s stock worth $136,000 after acquiring an additional 3,409 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in NU in the third quarter valued at approximately $446,000. 84.02% of the stock is owned by institutional investors.

NU Price Performance

NYSE NU opened at $11.62 on Monday. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The firm has a market capitalization of $55.36 billion, a PE ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14. The company’s 50 day simple moving average is $12.05 and its 200 day simple moving average is $12.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU) last issued its quarterly 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. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the topic of a number of research reports. UBS Group dropped their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Barclays lowered their price target 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. One investment 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’s stock. According to MarketBeat, NU currently has a consensus rating of “Hold” and a consensus price target of $15.47.

NU Company 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.