Nu Holdings Ltd. (NYSE:NU) Shares Sold by Capital World Investors

Capital World Investors cut its stake in Nu Holdings Ltd. (NYSE:NU) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,024,344 shares of the company’s stock after selling 27,772 shares during the quarter. Capital World Investors’ holdings in NU were worth $119,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NU. Tennessee Valley Asset Management Partners acquired a new stake in shares of NU during the 4th quarter worth about $52,000. UMB Bank n.a. acquired a new stake in shares of NU during the 4th quarter worth about $55,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of NU during the 4th quarter worth about $94,000. ProVise Management Group LLC increased its position in shares of NU by 13.5% during the 4th quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock worth $96,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in NU during the 4th quarter valued at about $99,000. 80.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays assumed coverage on NU in a report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 target price for the company. JPMorgan Chase & Co. cut NU from an “overweight” rating to a “neutral” rating and raised their target price for the company from $12.00 to $14.50 in a report on Monday, July 22nd. Jefferies Financial Group raised their target price on NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. KeyCorp raised their target price on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, The Goldman Sachs Group raised their target price on NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average price target of $12.98.

NU Stock Up 0.3 %

NU stock traded up $0.04 during trading on Friday, hitting $12.41. 23,542,672 shares of the company’s stock were exchanged, compared to its average volume of 26,917,114. The business has a 50-day moving average price of $12.33 and a two-hundred day moving average price of $11.30. The stock has a market capitalization of $59.15 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 0.58 and a beta of 1.14. Nu Holdings Ltd. has a 52-week low of $6.61 and a 52-week high of $13.64. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21.

NU (NYSE:NU) last posted its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current year.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.