XTX Topco Ltd Cuts Stake in Nu Holdings Ltd. (NYSE:NU)

XTX Topco Ltd lessened its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 48.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,718 shares of the company's stock after selling 33,096 shares during the quarter. XTX Topco Ltd's holdings in NU were worth $370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. raised its holdings 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. Norges Bank purchased a new stake in NU during the fourth quarter valued at $447,762,000. Geode Capital Management LLC lifted its position in NU by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after purchasing an additional 1,179,748 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its stake in shares of NU by 14.9% in the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock worth $218,700,000 after buying an additional 2,741,700 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of NU by 5.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company's stock worth $218,026,000 after buying an additional 1,067,992 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

NU Price Performance

NU opened at $11.19 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $11.10 and a 200 day moving average of $12.27. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The stock has a market cap of $53.33 billion, a P/E ratio of 27.98, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting 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 for the quarter, compared to analysts' expectations of $3.17 billion. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, February 24th. UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and cut their target price for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.36.

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.

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