Two Sigma Advisers LP Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

Two Sigma Advisers LP decreased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 90.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Teza Capital Management LLC bought a new stake in shares of NU during the fourth quarter valued at approximately $636,000. Trustees of Columbia University in the City of New York bought a new stake in shares of NU during the fourth quarter valued at approximately $1,125,000. State of Wyoming increased its holdings in shares of NU by 6.2% during the fourth quarter. State of Wyoming now owns 36,346 shares of the company's stock valued at $377,000 after acquiring an additional 2,120 shares in the last quarter. SurgoCap Partners LP increased its holdings in shares of NU by 2.1% during the fourth quarter. SurgoCap Partners LP now owns 7,151,552 shares of the company's stock valued at $74,090,000 after acquiring an additional 147,375 shares in the last quarter. Finally, Shell Asset Management Co. bought a new stake in shares of NU during the fourth quarter valued at approximately $597,000. Institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays boosted their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Finally, UBS Group decreased their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.13.

NU Stock Performance

NYSE:NU traded up $0.11 during trading on Wednesday, reaching $12.05. The company's stock had a trading volume of 16,675,016 shares, compared to its average volume of 43,402,832. The firm has a market cap of $58.04 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a 50 day moving average of $11.57 and a 200-day moving average of $11.92. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same quarter last year, the company earned $0.09 EPS. Research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company 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.