New Vernon Investment Management LLC Has $59,000 Stock Position in Nu Holdings Ltd. (NYSE:NU)

New Vernon Investment Management LLC lessened its position in Nu Holdings Ltd. (NYSE:NU) by 79.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,700 shares of the company’s stock after selling 21,924 shares during the period. New Vernon Investment Management LLC’s holdings in NU were worth $59,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of NU. Barclays PLC increased its stake in NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after purchasing an additional 359,733 shares in the last quarter. Advisory Resource Group bought a new stake in shares of NU during the third quarter worth about $979,000. Morse Asset Management Inc increased its position in shares of NU by 71.1% during the third quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock worth $802,000 after acquiring an additional 24,436 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in NU in the 3rd quarter valued at about $148,000. Finally, Blankinship & Foster LLC bought a new position in NU in the 3rd quarter valued at about $3,212,000. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 2.3 %

Shares of NU stock opened at $11.75 on Friday. The stock has a fifty day moving average price of $11.02 and a 200-day moving average price of $12.26. 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 firm has a market cap of $56.00 billion, a PE ratio of 29.38, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NU shares. UBS Group dropped their target price 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. raised NU from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $15.36.

NU 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.