Nu Holdings Ltd. (NYSE:NU) is Milestones Administradora de Recursos Ltda.’s 4th Largest Position

Milestones Administradora de Recursos Ltda. trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 32.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,384,000 shares of the company’s stock after selling 653,500 shares during the period. NU comprises approximately 7.3% of Milestones Administradora de Recursos Ltda.’s portfolio, making the stock its 4th biggest holding. Milestones Administradora de Recursos Ltda.’s holdings in NU were worth $14,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NU. Baillie Gifford & Co. raised its holdings in NU by 7.1% during the fourth 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. Jennison Associates LLC raised its holdings in NU by 7.1% during the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after buying an additional 6,435,526 shares in the last quarter. State Street Corp raised its holdings in NU by 105.9% during 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 holdings in NU by 16.4% during 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 holdings in NU by 104.3% during 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NU shares. KeyCorp raised their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Barclays dropped their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One investment 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.com, the stock has an average rating of “Hold” and a consensus target price of $15.47.

NU Stock Down 1.9 %

NYSE NU opened at $11.27 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $11.94 and its two-hundred day moving average is $13.22. The company has a market capitalization of $53.69 billion, a price-to-earnings ratio of 28.16, 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.

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

NU Company 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.