Nu Holdings Ltd. (NYSE:NU) Shares Sold by Prudential PLC

Key Points

• Prudential PLC reduced its stake in Nu Holdings Ltd. by 20.6%, selling 87,743 shares and retaining 338,095 shares valued at approximately $3.46 million.
• Multiple institutional investors have increased their holdings in Nu, with Baillie Gifford & Co. boosting its stake by 17.9%, while Kontiki Capital Management increased theirs by 54.3%.
• Analysts maintain a consensus rating of "Moderate Buy" for NU, with a projected target price of $15.50, while the stock reported earnings of $0.11 per share, slightly below expectations.

Prudential PLC lowered its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 20.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 338,095 shares of the company's stock after selling 87,743 shares during the period. Prudential PLC's holdings in NU were worth $3,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Baillie Gifford & Co. grew its holdings in NU by 17.9% in the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its holdings in NU by 54.3% in the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after purchasing an additional 11,465,700 shares during the last quarter. Northern Trust Corp grew its holdings in NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after purchasing an additional 7,930,598 shares during the last quarter. Ribbit Management Company LLC grew its holdings in NU by 22.1% in the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after purchasing an additional 4,575,000 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in NU by 6.2% in the fourth quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after purchasing an additional 1,417,910 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Susquehanna raised their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised their price target on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Finally, Barclays raised their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

NU Stock Performance

NU opened at $12.38 on Thursday. The company has a market cap of $59.65 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 0.69 and a beta of 1.05. The stock has a 50-day moving average of $12.75 and a 200-day moving average of $12.16. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54.

NU (NYSE:NU - Get Free Report) last announced its earnings results 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). The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.

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