Nikko Asset Management Americas Inc. Has $55.68 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Nikko Asset Management Americas Inc. lessened its stake in Nu Holdings Ltd. (NYSE:NU) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,374,794 shares of the company’s stock after selling 787,716 shares during the quarter. Nikko Asset Management Americas Inc. owned approximately 0.11% of NU worth $55,683,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. William Blair Investment Management LLC lifted its holdings in NU by 42.9% during the 4th quarter. William Blair Investment Management LLC now owns 6,026,222 shares of the company’s stock valued at $62,432,000 after purchasing an additional 1,808,315 shares during the last quarter. Polen Capital Management LLC acquired a new stake in NU during the 4th quarter valued at $23,242,000. Harbour Investments Inc. lifted its holdings in NU by 6.9% during the 4th quarter. Harbour Investments Inc. now owns 63,338 shares of the company’s stock valued at $656,000 after purchasing an additional 4,069 shares during the last quarter. Campbell Capital Management Inc. acquired a new stake in NU during the 4th quarter valued at $52,000. Finally, Northwest Wealth Management LLC acquired a new stake in NU during the 4th quarter valued at $172,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the subject of several research reports. Citigroup downgraded 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 report on Monday, December 2nd. Barclays reduced their target price on shares of 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 reduced their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, NU presently has an average rating of “Hold” and an average target price of $15.47.

NU Stock Up 9.3 %

Shares of NU opened at $11.75 on Monday. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The firm’s 50 day moving average is $12.00 and its 200-day moving average is $12.95. The stock has a market capitalization of $55.98 billion, a PE ratio of 29.36, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

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 analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current 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.