Nu Holdings Ltd. (NYSE:NU) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lowered its holdings in Nu Holdings Ltd. (NYSE:NU) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,366,999 shares of the company’s stock after selling 2,602,689 shares during the quarter. Artisan Partners Limited Partnership owned 0.70% of NU worth $345,682,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NU. State Street Corp grew its stake in shares of NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Geode Capital Management LLC boosted 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 worth $442,935,000 after buying an additional 16,638,397 shares in the last quarter. Baillie Gifford & Co. grew its position 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after buying an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after acquiring an additional 8,806,495 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NU. Citigroup cut NU from a “neutral” rating to a “sell” rating and dropped their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Barclays cut their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.47.

NU Trading Down 4.1 %

Shares of NU opened at $10.92 on Thursday. The firm’s fifty day moving average is $12.07 and its two-hundred day moving average is $12.80. The stock has a market cap of $52.03 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15.

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

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.