Nu Holdings Ltd. (NYSE:NU) Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its holdings in Nu Holdings Ltd. (NYSE:NU) by 1.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,099,000 shares of the company’s stock after selling 11,500 shares during the quarter. Korea Investment CORP’s holdings in NU were worth $11,386,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Piscataqua Savings Bank lifted its stake in 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 buying an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of NU in the 4th quarter valued at approximately $52,000. Whipplewood Advisors LLC acquired a new position in NU in the 4th quarter worth approximately $62,000. Ethos Financial Group LLC purchased a new position in NU during the 4th quarter worth approximately $82,000. Finally, Berbice Capital Management LLC acquired a new stake in NU during the 4th quarter valued at $93,000. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

NYSE NU opened at $10.34 on Monday. 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 stock has a market capitalization of $49.26 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The company has a 50 day moving average price of $12.04 and a two-hundred day moving average price of $12.75.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, Barclays lowered 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 analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NU presently has an average rating of “Hold” and a consensus target price 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.