Nu Holdings Ltd. (NYSE:NU) Stake Trimmed by Capital Research Global Investors

Capital Research Global Investors trimmed its position in Nu Holdings Ltd. (NYSE:NU) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 238,874,774 shares of the company’s stock after selling 9,124,016 shares during the period. Capital Research Global Investors owned about 0.05% of NU worth $2,474,852,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Piscataqua Savings Bank grew its position in NU by 500.0% in the fourth 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. bought a new stake in shares of NU in the fourth quarter valued at about $52,000. Whipplewood Advisors LLC acquired a new stake in shares of NU during the 4th quarter worth approximately $62,000. Ethos Financial Group LLC bought a new stake in NU in the 4th quarter valued at $82,000. Finally, Berbice Capital Management LLC bought a new stake in NU in the fourth quarter valued at about $93,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NU opened at $10.98 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company’s 50 day simple moving average is $11.21 and its 200-day simple moving average is $12.31. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The stock has a market capitalization of $52.33 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NU. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Barclays decreased their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. One investment 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. According to data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus price target of $15.36.

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.