Capital World Investors Cuts Stock Position in Nu Holdings Ltd. (NYSE:NU)

Capital World Investors decreased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,983,220 shares of the company’s stock after selling 15,129 shares during the period. Capital World Investors owned 0.21% of NU worth $103,426,000 as of its most recent filing with the Securities & Exchange Commission.

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

NU Stock Performance

NYSE NU opened at $10.69 on Tuesday. The stock has a market capitalization of $50.95 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 0.48 and a beta of 1.14. The stock has a 50-day moving average of $11.15 and a 200 day moving average of $12.28. 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 Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.

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

Wall Street Analyst Weigh In

NU has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays lowered their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.36.

About NU

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.