Two Sigma Advisers LP trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 90.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,130,600 shares of the company's stock after selling 10,892,200 shares during the quarter. Two Sigma Advisers LP's holdings in NU were worth $11,713,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. lifted its position in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Norges Bank purchased a new position in shares of NU during the fourth quarter valued at approximately $447,762,000. Geode Capital Management LLC boosted its position in shares of NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after purchasing an additional 1,179,748 shares in the last quarter. Northern Trust Corp grew its stake 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 buying an additional 7,930,598 shares during the last quarter. Finally, Ribbit Management Company LLC increased its position in NU by 22.1% during the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after buying an additional 4,575,000 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on NU shares. Susquehanna upped their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. UBS Group dropped their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, Barclays increased their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.13.
View Our Latest Research Report on NU
NU Stock Performance
Shares of NYSE NU traded down $0.05 during midday trading on Tuesday, reaching $11.95. 28,501,793 shares of the stock were exchanged, compared to its average volume of 43,458,489. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $57.56 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 0.48 and a beta of 1.11. The firm has a 50-day simple moving average of $11.55 and a two-hundred day simple moving average of $11.92. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations 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 company earned $0.09 earnings per share. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
NU Company Profile
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Free Report)
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.
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