Bessemer Group Inc. Has $1.47 Million Position in Nu Holdings Ltd. (NYSE:NU)

Bessemer Group Inc. lessened its position in Nu Holdings Ltd. (NYSE:NU) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 141,860 shares of the company’s stock after selling 25,195 shares during the quarter. Bessemer Group Inc.’s holdings in NU were worth $1,470,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NU shares. Barclays reduced 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. UBS Group decreased their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.36.

NU Stock Up 0.9 %

NU opened at $10.65 on Tuesday. The stock’s fifty day simple moving average is $11.44 and its 200 day simple moving average is $12.37. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market cap of $50.76 billion, a PE ratio of 26.63, a price-to-earnings-growth 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 (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The company 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, research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.