Black Swift Group LLC Sells 175,250 Shares of Nu Holdings Ltd. (NYSE:NU)

Black Swift Group LLC trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 44.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,750 shares of the company’s stock after selling 175,250 shares during the period. Black Swift Group LLC’s holdings in NU were worth $2,277,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NU. Fisher Asset Management LLC acquired a new position in shares of NU during the third quarter valued at about $98,704,000. Thrivent Financial for Lutherans raised its position in shares of NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after buying an additional 48,445 shares during the last quarter. Adero Partners LLC raised its position in shares of NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after buying an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC raised its position in shares of NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after buying an additional 50,000 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft raised its position in shares of NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after buying an additional 58,183 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NU stock opened at $10.84 on Thursday. 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 stock has a market capitalization of $51.64 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The firm’s 50-day moving average price is $11.96 and its two-hundred day moving average price is $13.14.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate 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%. On average, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Susquehanna increased their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. dropped their price target on shares of 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 dropped their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.