Softbank Group CORP. Lowers Holdings in Nu Holdings Ltd. (NYSE:NU)

Softbank Group CORP. trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,009,299 shares of the company's stock after selling 2,334,366 shares during the period. NU comprises approximately 0.9% of Softbank Group CORP.'s holdings, making the stock its 8th largest holding. Softbank Group CORP. owned about 0.44% of NU worth $217,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of NU during the fourth quarter worth $447,762,000. Arrowstreet Capital Limited Partnership grew its position in shares of NU by 2,193.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock worth $187,611,000 after buying an additional 17,319,681 shares during the period. D1 Capital Partners L.P. bought a new stake in shares of NU in the 4th quarter valued at about $154,209,000. Baillie Gifford & Co. raised its position 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 valued at $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new position in NU during the fourth quarter valued at approximately $92,194,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 0.3%

Shares of NYSE:NU traded up $0.04 during midday trading on Monday, hitting $13.09. The stock had a trading volume of 31,524,633 shares, compared to its average volume of 42,604,630. 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 business's 50-day simple moving average is $11.45 and its 200-day simple moving average is $12.02. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a market cap of $63.08 billion, a P/E ratio of 32.73, a PEG ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NU has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. UBS Group decreased 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. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.