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

Capital Research Global Investors decreased its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 238,874,774 shares of the company's stock after selling 9,124,016 shares during the period. Capital Research Global Investors owned approximately 5.01% of NU worth $2,474,852,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NU. UBS Group cut their target price 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. Barclays decreased their target price on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.36.

NU Stock Up 2.7 %

NYSE NU traded up $0.30 during trading on Wednesday, reaching $11.49. 52,350,835 shares of the company's stock were exchanged, compared to its average volume of 52,568,301. The company has a 50 day moving average price of $11.10 and a two-hundred day moving average price of $12.27. The stock has a market cap of $54.76 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. 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 (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Profile

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.