Nu Holdings Ltd. (NYSE:NU) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,914 shares of the company’s stock after selling 8,900 shares during the period. Mackenzie Financial Corp’s holdings in NU were worth $149,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NU. AE Wealth Management LLC lifted its stake in NU by 10.9% in the third quarter. AE Wealth Management LLC now owns 13,268 shares of the company’s stock valued at $96,000 after buying an additional 1,299 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in NU by 10.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock worth $121,000 after buying an additional 1,330 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in NU by 4.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 33,583 shares of the company’s stock valued at $243,000 after acquiring an additional 1,364 shares during the period. ANTIPODES PARTNERS Ltd raised its stake in NU by 6.2% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 29,649 shares of the company’s stock valued at $246,000 after acquiring an additional 1,744 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in NU by 37.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock worth $60,000 after acquiring an additional 2,258 shares during the period. 80.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NU has been the subject of several recent analyst reports. Susquehanna increased their price objective on shares of NU from $11.00 to $12.00 and gave the company a “positive” rating in a report on Friday, February 23rd. UBS Group upped their price objective on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. KeyCorp lifted their target price on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Two 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

NU Stock Performance

Shares of NU stock opened at $11.00 on Tuesday. The stock has a market cap of $51.64 billion, a PE ratio of 52.38, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. Nu Holdings Ltd. has a 12 month low of $5.14 and a 12 month high of $12.39. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $11.34 and a 200-day simple moving average of $9.57.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share 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 during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the company posted $0.03 EPS. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.39 EPS for the current fiscal year.

NU 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.