Capital Research Global Investors Decreases Stock Position in Nu Holdings Ltd. (NYSE:NU)

Capital Research Global Investors trimmed its position in Nu Holdings Ltd. (NYSE:NU) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,874,774 shares of the company’s stock after selling 9,124,016 shares during the period. Capital Research Global Investors owned 5.01% of NU worth $2,474,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft lifted its holdings in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after buying an additional 58,183 shares during the period. Baillie Gifford & Co. lifted its position in shares of NU by 7.1% in the fourth 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 in the last quarter. Franklin Resources Inc. grew its holdings in shares of NU by 5.7% during the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock worth $74,288,000 after buying an additional 271,903 shares in the last quarter. Blankinship & Foster LLC purchased a new position in NU in the 3rd quarter worth approximately $3,212,000. Finally, Barclays PLC grew its holdings in NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after buying an additional 359,733 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 1.7 %

NYSE NU opened at $10.98 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company’s 50 day moving average price is $11.21 and its 200 day moving average price is $12.31. The firm has a market capitalization of $52.33 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of recent analyst reports. Barclays decreased their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.36.

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.