C WorldWide Group Holding A S Has $507,000 Holdings in Nu Holdings Ltd. (NYSE:NU)

C WorldWide Group Holding A S lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 48,954 shares of the company’s stock after selling 1,467 shares during the quarter. C WorldWide Group Holding A S’s holdings in NU were worth $507,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Piscataqua Savings Bank raised its holdings in shares of NU by 500.0% during the fourth 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. Huntington National Bank increased its stake in NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after buying an additional 2,131 shares during the period. Berbice Capital Management LLC acquired a new position in NU in the 4th quarter valued at approximately $93,000. SteelPeak Wealth LLC acquired a new position in NU in the 4th quarter valued at approximately $105,000. Finally, Quarry LP increased its stake in NU by 104.8% in 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 during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

NYSE NU opened at $10.78 on Monday. 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 company has a fifty day simple moving average of $11.92 and a 200 day simple moving average of $13.26. The company has a market cap of $51.35 billion, a P/E ratio of 26.94, a P/E/G ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.99 billion during 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, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NU shares. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group boosted their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.80.

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.