Harvest Fund Management Co. Ltd Lowers Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Harvest Fund Management Co. Ltd cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 87.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,304 shares of the company’s stock after selling 37,006 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in NU were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Glynn Capital Management LLC boosted its holdings in shares of NU by 9.5% in the 4th quarter. Glynn Capital Management LLC now owns 1,922,958 shares of the company’s stock valued at $19,922,000 after purchasing an additional 166,098 shares during the last quarter. Xponance Inc. raised its position in shares of NU by 7.4% in the 4th quarter. Xponance Inc. now owns 426,390 shares of the company’s stock worth $4,417,000 after buying an additional 29,391 shares during the period. Tocqueville Asset Management L.P. acquired a new position in NU in the fourth quarter valued at $1,783,000. William Blair Investment Management LLC grew its position in NU by 42.9% during the fourth quarter. William Blair Investment Management LLC now owns 6,026,222 shares of the company’s stock valued at $62,432,000 after acquiring an additional 1,808,315 shares during the period. Finally, Polen Capital Management LLC acquired a new stake in NU during the fourth quarter worth about $23,242,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NU has been the subject of a number of research reports. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Barclays decreased their price objective 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. JPMorgan Chase & Co. cut their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.47.

NU Price Performance

NU opened at $11.62 on Monday. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The firm has a market cap of $55.36 billion, a price-to-earnings ratio of 29.04, 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. The company has a fifty day simple moving average of $12.05 and a 200 day simple moving average of $12.85.

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

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.