PARUS FINANCE UK Ltd Trims Stake in Nu Holdings Ltd. (NYSE:NU)

PARUS FINANCE UK Ltd trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 57.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,336 shares of the company’s stock after selling 21,750 shares during the period. PARUS FINANCE UK Ltd’s holdings in NU were worth $169,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in NU in the 4th quarter worth approximately $447,762,000. State Street Corp boosted its stake in shares of NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Geode Capital Management LLC increased its position in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares during the period. Baillie Gifford & Co. raised its stake in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after buying an additional 14,875,891 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after buying an additional 11,613,191 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

NU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price 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 shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. UBS Group decreased their price target 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 objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.47.

NU Trading Down 6.8 %

NU opened at $10.34 on Friday. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market cap of $49.26 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 0.48 and a beta of 1.14. The stock’s 50 day moving average price is $12.04 and its 200-day moving average price is $12.76.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.