Nu Holdings Ltd. (NYSE:NU) Shares Sold by National Pension Service

National Pension Service trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 768,500 shares of the company's stock after selling 72,300 shares during the period. National Pension Service's holdings in NU were worth $7,962,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Fisher Asset Management LLC bought a new stake in NU during the third quarter valued at about $98,704,000. Thrivent Financial for Lutherans grew its position in shares of NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company's stock valued at $3,517,000 after purchasing an additional 48,445 shares in the last quarter. Adero Partners LLC increased its position in NU by 5.7% in the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company's stock worth $65,784,000 after purchasing an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC grew its position in NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company's stock worth $4,095,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft increased its position in shares of NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock valued at $3,680,000 after purchasing an additional 58,183 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Up 3.6 %

NYSE NU traded up $0.38 during midday trading on Wednesday, hitting $10.84. 76,107,817 shares of the company traded hands, compared to its average volume of 48,446,691. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15. The company's 50-day simple moving average is $11.96 and its 200-day simple moving average is $13.14. The company has a market cap of $51.64 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group dropped 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. Itau BBA Securities downgraded NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Susquehanna raised their price target on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, NU currently has a consensus rating of "Hold" and a consensus target price of $15.47.

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.