Sylebra Capital LLC Trims Stake in Nu Holdings Ltd. (NYSE:NU)

Sylebra Capital LLC cut its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 33.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,354,183 shares of the company's stock after selling 1,209,468 shares during the quarter. NU makes up about 0.9% of Sylebra Capital LLC's holdings, making the stock its 19th biggest holding. Sylebra Capital LLC's holdings in NU were worth $24,389,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Piscataqua Savings Bank boosted its holdings in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after acquiring an additional 2,500 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of NU in the 4th quarter worth about $50,000. TD Waterhouse Canada Inc. boosted its stake in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after purchasing an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. purchased a new stake in NU during the 4th quarter valued at about $52,000. Finally, Cliffwater LLC bought a new stake in NU during the 4th quarter valued at about $57,000. 84.02% of the stock is currently owned by institutional investors.

NU Stock Performance

NU traded up $0.02 during mid-day trading on Friday, reaching $12.01. 64,390,047 shares of the company traded hands, compared to its average volume of 43,867,568. The company's fifty day moving average price is $11.58 and its 200-day moving average price is $11.89. The stock has a market capitalization of $57.87 billion, a P/E ratio of 30.03, 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 52-week low of $9.01 and a 52-week high of $16.15.

NU (NYSE:NU - Get Free Report) last issued 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 return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm earned $0.09 EPS. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NU. UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Barclays increased their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Susquehanna boosted 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.13.

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.