ARK Investment Management LLC Has $21.62 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

ARK Investment Management LLC lowered its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,086,518 shares of the company's stock after selling 29,126 shares during the quarter. ARK Investment Management LLC's holdings in NU were worth $21,616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NU. Piscataqua Savings Bank grew its stake in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after purchasing an additional 2,500 shares in the last quarter. Huntington National Bank grew its stake in NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company's stock valued at $63,000 after purchasing an additional 2,131 shares in the last quarter. Berbice Capital Management LLC purchased a new position in NU in the fourth quarter valued at about $93,000. SteelPeak Wealth LLC purchased a new position in NU in the fourth quarter valued at about $105,000. Finally, Quarry LP grew its stake in NU by 104.8% in the third quarter. Quarry LP now owns 7,890 shares of the company's stock valued at $108,000 after purchasing an additional 4,037 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NYSE NU traded down $0.48 during trading hours on Friday, hitting $10.77. 140,180,576 shares of the company's stock were exchanged, compared to its average volume of 45,924,000. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $51.31 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 0.48 and a beta of 1.10. The company's 50-day moving average price is $11.95 and its 200-day moving average price is $13.21.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NU has been the topic of a number of recent research reports. Citigroup downgraded NU from a "neutral" rating to a "sell" rating and lowered their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group decreased their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Barclays decreased their price target on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Finally, KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the stock an "overweight" 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $15.47.

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.