FIL Ltd Sells 11,291,203 Shares of Nu Holdings Ltd. (NYSE:NU)

FIL Ltd lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,662,073 shares of the company's stock after selling 11,291,203 shares during the period. FIL Ltd owned about 0.52% of NU worth $255,499,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Baader Bank Aktiengesellschaft lifted its position in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after purchasing an additional 58,183 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of NU during the 3rd quarter worth approximately $69,022,000. Baillie Gifford & Co. boosted its position in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Franklin Resources Inc. increased its stake in NU by 5.7% in the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock valued at $74,288,000 after acquiring an additional 271,903 shares during the last quarter. Finally, Blankinship & Foster LLC acquired a new position in NU during the third quarter valued at approximately $3,212,000. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $14.00 to $13.00 in a report on Tuesday. Barclays reduced their price objective on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Finally, UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, NU presently has an average rating of "Moderate Buy" and an average target price of $15.36.

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NU Trading Up 2.9 %

Shares of NYSE:NU traded up $0.29 during midday trading on Friday, hitting $10.54. 55,374,309 shares of the stock were exchanged, compared to its average volume of 39,772,385. The business's 50-day moving average price is $11.50 and its 200 day moving average price is $12.40. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month 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. The stock has a market capitalization of $50.25 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Company 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.