Commonwealth Equity Services LLC Trims Position in Nu Holdings Ltd. (NYSE:NU)

Commonwealth Equity Services LLC lowered its position in Nu Holdings Ltd. (NYSE:NU) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,598 shares of the company’s stock after selling 10,834 shares during the quarter. Commonwealth Equity Services LLC’s holdings in NU were worth $1,467,000 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 the company. Skandinaviska Enskilda Banken AB publ raised its position in NU by 19.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 501,000 shares of the company’s stock valued at $5,333,000 after purchasing an additional 82,200 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in NU by 37.2% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 21,156 shares of the company’s stock valued at $219,000 after buying an additional 5,739 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NU by 547.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,754 shares of the company’s stock worth $806,000 after acquiring an additional 65,743 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of NU by 109.3% in the fourth quarter. Rakuten Securities Inc. now owns 50,158 shares of the company’s stock valued at $520,000 after acquiring an additional 26,191 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in NU by 111.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 26,686 shares of the company’s stock valued at $276,000 after purchasing an additional 14,065 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 6.8 %

NU stock opened at $10.34 on Friday. The company has a market capitalization of $49.26 billion, a P/E ratio of 25.84, a PEG ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a 50-day simple moving average of $12.04 and a 200-day simple moving average of $12.76.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $2.99 billion during 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%. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

NU has been the topic of several recent research reports. UBS Group cut 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. JPMorgan Chase & Co. decreased their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, Barclays lowered their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One equities research 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. According to data from MarketBeat, NU has a consensus rating of “Hold” and a consensus price target 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.