Sei Investments Co. Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

Sei Investments Co. reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 19.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,618,670 shares of the company’s stock after selling 3,240,807 shares during the quarter. Sei Investments Co.’s holdings in NU were worth $141,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Virtu Financial LLC increased its holdings in NU by 1,081.3% during the 4th quarter. Virtu Financial LLC now owns 386,645 shares of the company’s stock valued at $4,006,000 after acquiring an additional 353,914 shares in the last quarter. Sciencast Management LP purchased a new position in NU during the 4th quarter valued at about $947,000. Lakeshore Financial Planning Inc. purchased a new position in NU during the 4th quarter valued at about $109,000. Whittier Trust Co. of Nevada Inc. increased its holdings in NU by 29.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 53,200 shares of the company’s stock valued at $551,000 after acquiring an additional 12,195 shares in the last quarter. Finally, RWQ Financial Management Services Inc. purchased a new position in NU during the 4th quarter valued at about $150,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NU has been the topic of several analyst reports. Barclays decreased their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.47.

NU Price Performance

NU opened at $11.62 on Friday. The company’s 50 day simple moving average is $12.05 and its 200 day simple moving average is $12.87. 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 Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The stock has a market capitalization of $55.36 billion, a PE ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate 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%. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current 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.