Vestmark Advisory Solutions Inc. Sells 1,059 Shares of Nu Holdings Ltd. (NYSE:NU)

Vestmark Advisory Solutions Inc. lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,330 shares of the company’s stock after selling 1,059 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in NU were worth $439,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NU. State Street Corp boosted its holdings 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 acquiring an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after buying an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of NU by 104.3% during the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NU by 458.3% during the 3rd 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. boosted its holdings in shares of NU by 122.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after buying an additional 8,806,495 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

NU opened at $10.83 on Friday. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The stock has a 50-day moving average price of $11.98 and a 200-day moving average price of $13.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market cap of $51.63 billion, a PE ratio of 27.08, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share 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 business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on NU. Citigroup cut shares of 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 report on Monday, December 2nd. JPMorgan Chase & Co. dropped their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Susquehanna boosted their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. One investment 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, the stock has an average rating of “Hold” and an average target price of $15.47.

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.