Sumitomo Mitsui Trust Group Inc. Sells 467,898 Shares of Nu Holdings Ltd. (NYSE:NU)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,358,111 shares of the company's stock after selling 467,898 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of NU worth $126,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in NU during the fourth quarter worth $447,762,000. Geode Capital Management LLC increased its position in shares of NU by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after acquiring an additional 1,179,748 shares in the last quarter. Northern Trust Corp raised its holdings in shares of NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after acquiring an additional 7,930,598 shares during the last quarter. Ribbit Management Company LLC lifted its position in NU by 22.1% in the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after acquiring an additional 4,575,000 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in NU by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after acquiring an additional 1,417,910 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

NU stock traded up $0.11 during mid-day trading on Thursday, hitting $13.60. The company had a trading volume of 32,685,722 shares, compared to its average volume of 47,324,791. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $65.51 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 0.78 and a beta of 1.07. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The stock's fifty day moving average price is $12.49 and its two-hundred day moving average price is $11.78.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the company posted $0.09 EPS. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday. 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. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

NU 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.