Sumitomo Mitsui Trust Holdings Inc. Decreases Stake in Nu Holdings Ltd. (NYSE:NU)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 18.8% in the 4th quarter, HoldingsChannel reports. The firm owned 8,306,204 shares of the company’s stock after selling 1,916,987 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in NU were worth $69,191,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Artisan Partners Limited Partnership increased 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 worth $548,850,000 after purchasing an additional 4,672,092 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of NU by 31.6% during the 1st quarter. JPMorgan Chase & Co. now owns 72,973,414 shares of the company’s stock worth $347,353,000 after purchasing an additional 17,525,819 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in NU by 114.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 65,740,183 shares of the company’s stock valued at $267,563,000 after buying an additional 35,079,798 shares in the last quarter. Morgan Stanley grew its stake in NU by 21.5% in the 4th quarter. Morgan Stanley now owns 61,315,907 shares of the company’s stock valued at $249,556,000 after buying an additional 10,863,281 shares in the last quarter. Finally, BlackRock Inc. grew its stake in 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 buying an additional 47,554,011 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NU shares. UBS Group lifted their price objective on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a research note on Monday, January 29th. Susquehanna lifted 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, TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.67.

NU Price Performance

Shares of NYSE NU opened at $10.80 on Thursday. Nu Holdings Ltd. has a 1 year low of $4.60 and a 1 year high of $12.39. 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’s 50-day moving average is $11.23 and its 200 day moving average is $9.36. The stock has a market capitalization of $50.68 billion, a P/E ratio of 51.41, a P/E/G ratio of 0.53 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a net margin of 12.84% and a return on equity of 20.02%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the firm earned $0.03 EPS. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.39 earnings per share for the current year.

NU Company Profile

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.