Sylebra Capital LLC Sells 1,209,468 Shares of Nu Holdings Ltd. (NYSE:NU)

Sylebra Capital LLC lessened its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 33.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,354,183 shares of the company's stock after selling 1,209,468 shares during the period. NU makes up about 0.7% of Sylebra Capital LLC's investment portfolio, making the stock its 22nd biggest holding. Sylebra Capital LLC's holdings in NU were worth $24,389,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft raised its holdings in NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after buying an additional 58,183 shares during the period. Baillie Gifford & Co. boosted its stake in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. Barclays PLC raised its stake in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock valued at $13,718,000 after purchasing an additional 359,733 shares during the period. KBC Group NV lifted its holdings in shares of NU by 314.8% in the fourth quarter. KBC Group NV now owns 633,708 shares of the company's stock valued at $6,565,000 after purchasing an additional 480,922 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its position in shares of NU by 131.7% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 37,992 shares of the company's stock worth $394,000 after buying an additional 21,592 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU stock traded down $0.04 on Tuesday, reaching $11.96. The stock had a trading volume of 34,656,770 shares, compared to its average volume of 43,497,708. The firm's 50-day moving average is $11.55 and its two-hundred day moving average is $11.92. The firm has a market capitalization of $57.61 billion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 0.48 and a beta of 1.11. 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 12 month low of $9.01 and a 12 month high of $16.15.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NU shares. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.