US Bancorp DE Has $2.53 Million Stake in Nu Holdings Ltd. (NYSE:NU)

US Bancorp DE lowered its position in Nu Holdings Ltd. (NYSE:NU) by 21.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 244,600 shares of the company’s stock after selling 67,866 shares during the period. US Bancorp DE’s holdings in NU were worth $2,534,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NU. LRI Investments LLC lifted its position in shares of NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after acquiring an additional 743 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of NU by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after acquiring an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of NU by 1.5% during the 4th 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 during the period. Arkfeld Wealth Strategies L.L.C. lifted its position in shares of NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after acquiring an additional 1,000 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of NU by 4.9% during the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock valued at $226,000 after acquiring an additional 1,011 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NU. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. JPMorgan Chase & Co. lowered their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Finally, The Goldman Sachs Group upped their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.47.

NU Stock Performance

Shares of NU stock opened at $10.66 on Friday. The firm has a market cap of $50.78 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15. The firm’s 50-day simple moving average is $11.97 and its two-hundred day simple moving average is $13.13.

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. The business had revenue of $2.99 billion for 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 forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.