Sharp Capital Gestora de Recursos Ltda. Cuts Holdings in Nu Holdings Ltd. (NYSE:NU)

Sharp Capital Gestora de Recursos Ltda. reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,607,966 shares of the company's stock after selling 1,071,348 shares during the quarter. NU comprises approximately 41.1% of Sharp Capital Gestora de Recursos Ltda.'s holdings, making the stock its 2nd largest position. Sharp Capital Gestora de Recursos Ltda.'s holdings in NU were worth $16,659,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted 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 worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Norges Bank acquired a new position in NU during the 4th quarter worth $447,762,000. Geode Capital Management LLC boosted its position in NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after acquiring an additional 1,179,748 shares during the period. Northern Trust Corp boosted its position in NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after acquiring an additional 7,930,598 shares during the period. Finally, Ribbit Management Company LLC boosted 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 worth $261,525,000 after acquiring an additional 4,575,000 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Trading Down 2.7%

Shares of NYSE NU traded down $0.36 during midday trading on Tuesday, hitting $12.74. The stock had a trading volume of 50,286,108 shares, compared to its average volume of 42,735,594. The company's 50-day simple moving average is $11.49 and its 200 day simple moving average is $12.01. The firm has a market cap of $61.39 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU - Get Free Report) last posted its quarterly 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). NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Barclays upped 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. Susquehanna upped their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. Finally, UBS Group cut their price objective on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.