Nu Holdings Ltd. (NYSE:NU) Stock Position Trimmed by Genesis Investment Management LLP

Genesis Investment Management LLP lowered its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,816,062 shares of the company's stock after selling 4,473,762 shares during the quarter. NU makes up about 16.0% of Genesis Investment Management LLP's holdings, making the stock its 2nd biggest position. Genesis Investment Management LLP owned about 0.21% of NU worth $81,768,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Artisan Partners Limited Partnership grew its stake in shares of NU by 6.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 75,703,469 shares of the company's stock valued at $548,850,000 after buying an additional 4,672,092 shares during the period. JPMorgan Chase & Co. increased its stake in NU by 31.6% during the 1st quarter. JPMorgan Chase & Co. now owns 72,973,414 shares of the company's stock valued at $347,353,000 after buying an additional 17,525,819 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in NU by 114.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 65,740,183 shares of the company's stock valued at $267,563,000 after purchasing an additional 35,079,798 shares during the last quarter. Morgan Stanley lifted its holdings in shares of NU by 21.5% during the fourth quarter. Morgan Stanley now owns 61,315,907 shares of the company's stock valued at $249,556,000 after purchasing an additional 10,863,281 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of NU by 647.3% in the 2nd quarter. BlackRock Inc. now owns 54,900,552 shares of the company's stock valued at $433,165,000 after purchasing an additional 47,554,011 shares during the period. Institutional investors and hedge funds own 80.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NU. TheStreet raised NU from a "c+" rating to a "b" rating in a research note on Friday, March 8th. Susquehanna upped their price objective on shares of NU from $11.00 to $12.00 and gave the company a "positive" rating in a research note on Friday, February 23rd. Finally, UBS Group boosted their price target on shares of NU from $10.50 to $11.50 and gave the company a "buy" rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $9.67.

NU Stock Down 0.4 %

NYSE:NU traded down $0.04 during trading hours on Wednesday, reaching $10.80. The company's stock had a trading volume of 12,715,739 shares, compared to its average volume of 31,243,049. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.31. The company has a market cap of $50.68 billion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. Nu Holdings Ltd. has a one year low of $4.60 and a one year high of $12.39. The business's 50-day moving average is $11.21 and its 200-day moving average is $9.35.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same quarter in the prior year, the business earned $0.03 EPS. Equities research analysts predict that Nu Holdings Ltd. will post 0.39 EPS for the current year.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.