MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,897 shares of the company's stock after selling 26,285 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NU were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of NU in the fourth quarter worth $447,762,000. Arrowstreet Capital Limited Partnership increased 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 purchasing an additional 17,319,681 shares during the period. D1 Capital Partners L.P. bought a new position in shares of NU in the fourth quarter worth $154,209,000. Baillie Gifford & Co. boosted its stake in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $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 stake in NU in the fourth quarter valued at about $92,194,000. Institutional investors own 84.02% of the company's stock.

NU Stock Performance

NU stock traded down $0.04 during midday trading on Tuesday, hitting $11.95. The company's stock had a trading volume of 40,647,813 shares, compared to its average volume of 43,505,378. The stock's 50-day moving average price is $11.55 and its 200 day moving average price is $11.92. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The stock has a market cap of $57.58 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior year, the firm posted $0.09 EPS. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Susquehanna raised their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Barclays raised their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and cut their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.13.

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.