Sumitomo Mitsui Trust Group Inc. Sells 874,928 Shares of Nu Holdings Ltd. $NU

Key Points

• Sumitomo Mitsui Trust Group Inc. reduced its stake in Nu Holdings by 6.4%, selling 874,928 shares and now holds 12,820,231 shares (~0.27%) valued at about $214.61 million.
• NU CEO Cristina Junqueira sold 300,000 shares on March 23 at an average price of $14.81, cutting her position by roughly 11.48%.
• Analysts maintain a Moderate Buy consensus (12 Buys, 2 Holds) with an average price target of $18.26, after NU beat quarterly estimates with $0.19 EPS (vs. $0.18) and $4.86B revenue (vs. $4.55B).

Sumitomo Mitsui Trust Group Inc. lessened its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,820,231 shares of the company's stock after selling 874,928 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of NU worth $214,611,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NU. EverSource Wealth Advisors LLC lifted its stake in shares of NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company's stock worth $52,000 after buying an additional 1,464 shares during the last quarter. Jump Financial LLC lifted its stake in shares of NU by 541.8% during the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company's stock worth $2,544,000 after buying an additional 156,539 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of NU by 38.5% during the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company's stock worth $510,000 after buying an additional 10,332 shares during the last quarter. AXA S.A. lifted its stake in shares of NU by 1.4% during the 2nd quarter. AXA S.A. now owns 192,311 shares of the company's stock worth $2,639,000 after buying an additional 2,682 shares during the last quarter. Finally, Nebula Research & Development LLC lifted its stake in shares of NU by 63.7% during the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company's stock worth $274,000 after buying an additional 7,760 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 have recently issued reports on NU shares. The Goldman Sachs Group restated a "buy" rating and set a $21.00 target price on shares of NU in a research note on Thursday, December 18th. Weiss Ratings upgraded shares of NU from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Susquehanna raised their target price on shares of NU from $19.00 to $22.00 and gave the stock a "positive" rating in a research note on Tuesday, January 27th. Itau BBA Securities restated an "outperform" rating on shares of NU in a research note on Tuesday, March 17th. Finally, Bank of America reiterated a "neutral" rating on shares of NU in a research note on Monday, March 9th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.26.

NU Price Performance

Shares of NU stock opened at $14.94 on Monday. Nu Holdings Ltd. has a twelve month low of $10.26 and a twelve month high of $18.98. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $15.39 and a two-hundred day simple moving average of $16.06. The stock has a market capitalization of $71.97 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.10.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The business had revenue of $4.86 billion during the quarter, compared to analysts' expectations of $4.55 billion. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Insiders Place Their Bets

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. The trade was a 11.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NU Company Profile

Nu Holdings Ltd NYSE: NU, commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.

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