Axiom Investors LLC DE Has $17.68 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Axiom Investors LLC DE trimmed its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 63.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,706,260 shares of the company's stock after selling 2,924,225 shares during the period. Axiom Investors LLC DE's holdings in NU were worth $17,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Piscataqua Savings Bank boosted its holdings in shares of NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after acquiring an additional 2,500 shares during the period. Campbell Capital Management Inc. bought a new position in shares of NU during the fourth quarter worth approximately $52,000. Whipplewood Advisors LLC acquired a new stake in shares of NU in the fourth quarter valued at approximately $62,000. Ethos Financial Group LLC acquired a new stake in NU during the fourth quarter worth approximately $82,000. Finally, Berbice Capital Management LLC bought a new position in NU during the 4th quarter worth $93,000. 84.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NU. UBS Group cut their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Barclays decreased their target price on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of NU from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, NU has an average rating of "Hold" and an average price target of $15.47.

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NU Price Performance

NYSE:NU traded down $0.92 on Friday, hitting $9.35. The company had a trading volume of 48,651,981 shares, compared to its average volume of 38,425,335. The firm has a 50 day moving average of $11.92 and a two-hundred day moving average of $12.66. The stock has a market capitalization of $44.57 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 52 week low of $9.02 and a 52 week high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate 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, research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.