Voya Investment Management LLC Trims Holdings in Nu Holdings Ltd. (NYSE:NU)

Voya Investment Management LLC decreased its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,618,334 shares of the company's stock after selling 20,886 shares during the period. Voya Investment Management LLC's holdings in NU were worth $16,766,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NU. Piscataqua Savings Bank lifted its holdings in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after buying an additional 2,500 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after purchasing an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of NU during the 4th quarter valued at about $52,000. Whipplewood Advisors LLC purchased a new stake in NU in the fourth quarter worth approximately $62,000. Finally, Ethos Financial Group LLC purchased a new stake in NU during the fourth quarter valued at $82,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Price Performance

NYSE NU traded down $0.09 on Thursday, hitting $12.35. The company had a trading volume of 32,768,175 shares, compared to its average volume of 41,176,231. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $59.49 billion, a PE ratio of 30.86, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company's fifty day moving average price is $10.97 and its 200-day moving average price is $12.23.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. As a group, analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on NU. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays raised their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, UBS Group reduced their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One research 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.47.

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.