XTX Topco Ltd Cuts Holdings in Nu Holdings Ltd. (NYSE:NU)

XTX Topco Ltd lowered its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 48.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,718 shares of the company's stock after selling 33,096 shares during the period. XTX Topco Ltd's holdings in NU were worth $370,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mariner LLC lifted its position in shares of NU by 4.6% in the 4th quarter. Mariner LLC now owns 1,775,845 shares of the company's stock worth $18,398,000 after purchasing an additional 78,090 shares during the period. Barclays PLC lifted its position in shares of NU by 10.7% in the 4th quarter. Barclays PLC now owns 1,112,243 shares of the company's stock worth $11,523,000 after purchasing an additional 107,221 shares during the period. Townsquare Capital LLC lifted its position in shares of NU by 555.0% in the 4th quarter. Townsquare Capital LLC now owns 94,650 shares of the company's stock worth $981,000 after purchasing an additional 80,199 shares during the period. Qtron Investments LLC purchased a new stake in shares of NU in the 4th quarter worth about $861,000. Finally, Rockefeller Capital Management L.P. lifted its position in NU by 241.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 260,419 shares of the company's stock valued at $2,698,000 after acquiring an additional 184,233 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NU shares. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.47.

NU Price Performance

NU stock traded up $0.13 during trading on Monday, reaching $12.14. The company's stock had a trading volume of 53,317,241 shares, compared to its average volume of 40,933,967. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. 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 company has a market capitalization of $57.86 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company's fifty day moving average is $10.96 and its 200-day moving average is $12.22.

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