BIT Capital GmbH Cuts Position in Nu Holdings Ltd. (NYSE:NU)

BIT Capital GmbH lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 99.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,163 shares of the company’s stock after selling 4,559,899 shares during the period. BIT Capital GmbH’s holdings in NU were worth $157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NU. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in NU in the third quarter valued at $164,000. Daiwa Securities Group Inc. purchased a new stake in shares of NU in the third quarter valued at $5,626,000. Dynamic Technology Lab Private Ltd purchased a new stake in NU during the 3rd quarter worth about $1,083,000. Bank of Montreal Can raised its stake in NU by 85.3% in the 3rd quarter. Bank of Montreal Can now owns 1,287,963 shares of the company’s stock valued at $17,864,000 after purchasing an additional 592,941 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of NU during the 3rd quarter worth about $881,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 4.1 %

Shares of NYSE:NU opened at $10.92 on Thursday. Nu Holdings Ltd. has a 12-month low of $9.67 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 firm has a market cap of $52.03 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a fifty day simple moving average of $12.07 and a 200 day simple moving average of $12.80.

NU (NYSE:NU) last issued its earnings results 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 for 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%. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price 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. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group dropped their price objective 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, Barclays dropped 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. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.47.

About NU

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.