Nu Holdings Ltd. (NYSE:NU) Shares Sold by Technology Crossover Management X Ltd.

Technology Crossover Management X Ltd. decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,781,448 shares of the company’s stock after selling 13,945,362 shares during the quarter. NU comprises approximately 82.7% of Technology Crossover Management X Ltd.’s holdings, making the stock its largest position. Technology Crossover Management X Ltd. owned about 1.17% of NU worth $577,896,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. lifted its position in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. State Street Corp boosted its stake in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. FMR LLC increased its holdings in NU by 16.4% in the 3rd 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 during the period. Geode Capital Management LLC lifted 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 worth $442,935,000 after acquiring an additional 16,638,397 shares during the period. Finally, Kontiki Capital Management HK Ltd. boosted its position in shares of NU by 14.9% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company’s stock valued at $218,700,000 after acquiring an additional 2,741,700 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Trading Up 1.9 %

Shares of NYSE NU opened at $11.62 on Monday. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a 50-day moving average of $12.05 and a two-hundred day moving average of $12.85. The company has a market cap of $55.36 billion, a PE ratio of 29.04, 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 posted its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm 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%. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Barclays dropped their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. 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 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 company’s stock. According to data from MarketBeat.com, NU has an average rating of “Hold” and a consensus target price of $15.47.

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.