Nu Holdings Ltd. (NYSE:NU) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. decreased its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,499,130 shares of the company's stock after selling 606,590 shares during the quarter. Thornburg Investment Management Inc.'s holdings in NU were worth $15,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC raised its holdings in NU by 55.7% in the third quarter. Barclays PLC now owns 1,005,022 shares of the company's stock valued at $13,718,000 after acquiring an additional 359,733 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of NU by 315.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company's stock worth $15,745,000 after purchasing an additional 876,039 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of NU by 57.7% during the fourth quarter. Park Avenue Securities LLC now owns 31,682 shares of the company's stock worth $328,000 after purchasing an additional 11,586 shares in the last quarter. Merit Financial Group LLC purchased a new position in NU in the fourth quarter valued at $159,000. Finally, Shelton Wealth Management LLC raised its stake in NU by 5.2% in the fourth quarter. Shelton Wealth Management LLC now owns 101,506 shares of the company's stock valued at $1,052,000 after buying an additional 4,993 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

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

NU Stock Performance

Shares of NYSE NU traded down $0.27 during midday trading on Friday, reaching $11.99. 43,353,802 shares of the company were exchanged, compared to its average volume of 43,172,960. The stock has a market cap of $57.75 billion, a P/E ratio of 29.85, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The stock has a fifty day simple moving average of $11.54 and a 200 day simple moving average of $12.00. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $0.09 earnings per share. On average, 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.