Nu Holdings Ltd. (NYSE:NU) Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,370 shares of the company’s stock after selling 5,510 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in NU were worth $242,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Baillie Gifford & Co. raised its stake in shares of NU by 7.1% in the fourth 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 in the last quarter. Jennison Associates LLC raised its stake in shares of NU by 7.1% in the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after acquiring an additional 6,435,526 shares in the last quarter. State Street Corp raised its stake in NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. FMR LLC raised its stake in NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU stock opened at $10.78 on Monday. The stock’s 50-day moving average is $11.92 and its two-hundred day moving average is $13.26. The firm has a market cap of $51.35 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.48 and a beta of 1.10. 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 quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NU. Susquehanna raised their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, Citigroup cut NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, NU presently has a consensus rating of “Hold” and an average price target of $15.80.

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.