Thoroughbred Financial Services LLC Sells 8,514 Shares of Nu Holdings Ltd. (NYSE:NU)

Thoroughbred Financial Services LLC lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 16.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,545 shares of the company’s stock after selling 8,514 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in NU were worth $440,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NU. Piscataqua Savings Bank grew its stake in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the period. Campbell Capital Management Inc. bought a new position in shares of NU in the fourth quarter worth approximately $52,000. Whipplewood Advisors LLC purchased a new stake in shares of NU in the fourth quarter worth $62,000. Ethos Financial Group LLC bought a new stake in shares of NU during the 4th quarter valued at $82,000. Finally, Quarry LP lifted its stake in shares of NU by 104.8% during the 3rd quarter. Quarry LP now owns 7,890 shares of the company’s stock valued at $108,000 after buying an additional 4,037 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NU. JPMorgan Chase & Co. lowered their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays reduced their price objective 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NU currently has an average rating of “Hold” and a consensus target price of $15.47.

NU Trading Down 6.8 %

Shares of NYSE NU opened at $9.57 on Monday. The business has a fifty day moving average price of $11.87 and a 200 day moving average price of $12.59. Nu Holdings Ltd. has a 1-year low of $8.95 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $45.61 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.