Prudential Financial Inc. Has $1.20 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Prudential Financial Inc. lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 33.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,010 shares of the company’s stock after selling 57,887 shares during the period. Prudential Financial Inc.’s holdings in NU were worth $1,202,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Piscataqua Savings Bank lifted its position in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares during the period. Campbell Capital Management Inc. acquired a new stake in shares of NU in the 4th quarter valued at $52,000. Whipplewood Advisors LLC bought a new stake in shares of NU in the 4th quarter worth about $62,000. Ethos Financial Group LLC acquired a new stake in shares of NU during the 4th quarter worth about $82,000. Finally, Berbice Capital Management LLC bought a new position in NU during the 4th quarter valued at about $93,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NU stock opened at $9.57 on Monday. The company has a market cap of $45.61 billion, a PE ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The company’s 50-day moving average is $11.87 and its two-hundred day moving average is $12.59.

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

Analyst Ratings Changes

NU has been the subject of several recent analyst reports. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, Barclays reduced their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Company 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.