Thornburg Investment Management Inc. Sells 606,590 Shares of Nu Holdings Ltd. (NYSE:NU)

Thornburg Investment Management Inc. trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,499,130 shares of the company’s stock after selling 606,590 shares during the quarter. Thornburg Investment Management Inc.’s holdings in NU were worth $15,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank boosted its position in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after acquiring an additional 3,215 shares during the period. Campbell Capital Management Inc. bought a new stake in shares of NU in the fourth quarter valued at about $52,000. Cliffwater LLC bought a new stake in shares of NU in the fourth quarter valued at about $57,000. Finally, Whipplewood Advisors LLC bought a new stake in NU during the fourth quarter worth about $62,000. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NU shares. UBS Group dropped 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. Susquehanna increased their price target on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research report on Wednesday. Barclays increased their price target on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus target price of $15.13.

NU Price Performance

NU stock opened at $13.04 on Friday. The company has a fifty day moving average price of $11.45 and a 200-day moving average price of $12.04. The company has a market capitalization of $62.83 billion, a P/E ratio of 32.60, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. 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 (NYSE:NU) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same period in the previous year, the business posted $0.09 EPS. As a group, equities 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.