Truist Financial Corp Has $1.07 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Truist Financial Corp cut its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 39.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,755 shares of the company's stock after selling 68,254 shares during the period. Truist Financial Corp's holdings in NU were worth $1,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D grew its stake in shares of NU by 15.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,363,069 shares of the company's stock worth $14,121,000 after purchasing an additional 187,411 shares in the last quarter. Americana Partners LLC grew its position in NU by 34.2% in the 4th quarter. Americana Partners LLC now owns 21,418 shares of the company's stock valued at $222,000 after buying an additional 5,463 shares in the last quarter. Baillie Gifford & Co. grew its position in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after buying an additional 14,875,891 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of NU during the 4th quarter worth about $142,000. Finally, Blue Trust Inc. lifted its stake in shares of NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock worth $226,000 after acquiring an additional 1,011 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Up 0.8 %

NYSE NU traded up $0.08 during trading on Tuesday, reaching $10.55. The company's stock had a trading volume of 62,429,742 shares, compared to its average volume of 47,102,434. The stock has a market capitalization of $50.28 billion, a PE ratio of 26.38, a PEG ratio of 0.48 and a beta of 1.10. The business has a 50-day moving average price of $11.95 and a 200-day moving average price of $13.18. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during 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%. On average, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Susquehanna raised their price objective on shares of NU from $16.00 to $18.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. Citigroup lowered shares of NU from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, UBS Group decreased 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, NU currently has an average rating of "Hold" and a consensus target price of $15.47.

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.