Renaissance Technologies LLC cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,214,651 shares of the company's stock after selling 706,149 shares during the period. Renaissance Technologies LLC owned about 0.21% of NU worth $105,847,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of NU. Baillie Gifford & Co. boosted its stake in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares during the last quarter. Norges Bank acquired a new stake in shares of NU in the 4th quarter valued at about $447,762,000. Geode Capital Management LLC lifted its position in shares of NU by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after purchasing an additional 1,179,748 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its stake in NU by 14.9% in the fourth quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock worth $218,700,000 after purchasing an additional 2,741,700 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in NU by 5.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company's stock valued at $218,026,000 after buying an additional 1,067,992 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.
NU Stock Performance
Shares of NU traded up $0.29 during midday trading on Friday, hitting $10.54. 55,374,309 shares of the stock traded hands, compared to its average volume of 39,772,385. The business's 50 day moving average price is $11.50 and its two-hundred day moving average price is $12.40. The firm has a market capitalization of $50.25 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. 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 Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.
NU (NYSE:NU - Get Free Report) last posted its 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 net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have commented on NU shares. UBS Group reduced their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday. Finally, Barclays lowered their target price on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.36.
Check Out Our Latest Research Report on NU
About NU
(
Free Report)
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.
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