BNP Paribas Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

BNP Paribas reduced its position in Nu Holdings Ltd. (NYSE:NU) by 30.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 492,946 shares of the company’s stock after selling 215,808 shares during the period. BNP Paribas’ holdings in NU were worth $5,110,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. OneAscent Wealth Management LLC lifted its holdings in shares of NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock worth $129,000 after purchasing an additional 760 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after acquiring an additional 1,000 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. increased its stake in shares of NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. raised its holdings in NU by 4.9% during the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Quarry LP lifted its position in NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company’s stock valued at $94,000 after purchasing an additional 1,205 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 0.9 %

Shares of NU stock opened at $12.45 on Friday. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $11.02 and a 200-day simple moving average of $12.18. The stock has a market cap of $59.99 billion, a P/E ratio of 31.13, a P/E/G 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 (EPS) for the quarter, hitting 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 net margin of 17.12% and a return on equity of 30.99%. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.47.

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.