Whale Rock Capital Management LLC Trims Holdings in Nu Holdings Ltd. (NYSE:NU)

Whale Rock Capital Management LLC reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,084,794 shares of the company's stock after selling 431,972 shares during the period. NU makes up 2.7% of Whale Rock Capital Management LLC's investment portfolio, making the stock its 14th largest holding. Whale Rock Capital Management LLC owned about 0.46% of NU worth $228,798,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Baader Bank Aktiengesellschaft grew its position in NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock valued at $3,680,000 after buying an additional 58,183 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Barclays PLC boosted its holdings in shares of 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. Artemis Investment Management LLP increased its stake in shares of NU by 73.3% during the fourth quarter. Artemis Investment Management LLP now owns 571,753 shares of the company's stock worth $5,923,000 after acquiring an additional 241,907 shares during the period. Finally, KBC Group NV raised its holdings in NU by 314.8% during the fourth quarter. KBC Group NV now owns 633,708 shares of the company's stock worth $6,565,000 after purchasing an additional 480,922 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lifted 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 company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group cut 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. Finally, Susquehanna raised their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

NU Stock Up 0.3%

NU opened at $13.09 on Tuesday. 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 company has a market cap of $63.08 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The business's fifty day moving average is $11.49 and its two-hundred day moving average is $12.01.

NU (NYSE:NU - Get Free Report) last released 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 business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS 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.

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