Nu Holdings Ltd. (NYSE:NU) Stake Lowered by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec reduced its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 92.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 376,083 shares of the company's stock after selling 4,905,818 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in NU were worth $3,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of NU during the 4th quarter valued at about $447,762,000. Arrowstreet Capital Limited Partnership boosted its position in shares of NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock worth $187,611,000 after acquiring an additional 17,319,681 shares during the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of NU during the 4th quarter valued at about $154,209,000. Baillie Gifford & Co. grew its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after buying an additional 14,875,891 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in NU in the fourth quarter worth $92,194,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group dropped 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. Finally, Barclays increased their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.47.

NU Price Performance

NU stock traded down $0.07 during midday trading on Wednesday, reaching $12.38. The company had a trading volume of 48,429,873 shares, compared to its average volume of 41,625,429. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. 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 firm's fifty day simple moving average is $11.10 and its 200-day simple moving average is $12.16. The company has a market capitalization of $59.63 billion, a P/E ratio of 30.94, a P/E/G ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.