Bessemer Group Inc. Sells 2,963,135 Shares of Nu Holdings Ltd. (NYSE:NU)

Bessemer Group Inc. trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 94.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,358 shares of the company’s stock after selling 2,963,135 shares during the period. Bessemer Group Inc.’s holdings in NU were worth $2,115,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Stokes Family Office LLC increased its position in shares of NU by 10.0% during the first quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares during the period. Yousif Capital Management LLC increased its stake in NU by 5.5% during the 4th quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock valued at $202,000 after purchasing an additional 1,261 shares in the last quarter. Precision Wealth Strategies LLC lifted its position in NU by 3.2% in the 1st quarter. Precision Wealth Strategies LLC now owns 41,497 shares of the company’s stock valued at $495,000 after acquiring an additional 1,303 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of NU by 10.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock valued at $121,000 after buying an additional 1,330 shares during the last quarter. Finally, ProVise Management Group LLC grew its stake in shares of NU by 13.5% in the fourth quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock worth $96,000 after acquiring an additional 1,380 shares during the period. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Down 0.6 %

Shares of NU stock traded down $0.08 on Thursday, reaching $12.46. The company had a trading volume of 7,340,262 shares, compared to its average volume of 28,640,217. The firm’s 50-day moving average price is $12.30 and its two-hundred day moving average price is $11.27. Nu Holdings Ltd. has a 1 year low of $6.61 and a 1 year high of $13.64. The firm has a market cap of $59.38 billion, a price-to-earnings ratio of 48.23, a P/E/G ratio of 0.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.58 billion. NU had a net margin of 13.86% and a return on equity of 22.94%. As a group, research analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on NU. Susquehanna lifted their price objective on NU from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Tuesday, July 16th. The Goldman Sachs Group upped their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Jefferies Financial Group upped their price objective on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. Barclays initiated coverage on NU in a research note on Wednesday, June 26th. They set an “overweight” rating and a $15.00 target price on the stock. Finally, KeyCorp upped their price target on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.98.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.