Nu Holdings Ltd. $NU Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,986,096 shares of the company’s stock after selling 253,630 shares during the period. Nikko Asset Management Americas Inc. owned 0.08% of NU worth $54,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. purchased a new stake in shares of NU during the second quarter worth about $27,000. Capital Analysts LLC acquired a new stake in NU during the first quarter worth approximately $31,000. ORG Partners LLC boosted its position in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the last quarter. Quaker Wealth Management LLC grew its stake in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after acquiring an additional 4,341 shares during the period. Finally, Banque Transatlantique SA acquired a new position in NU in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Susquehanna raised their price target on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and lifted their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Monday, August 18th. Finally, Bank of America raised their target price on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

NU Price Performance

NU opened at $16.88 on Friday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $17.84. The company has a 50 day moving average of $16.03 and a two-hundred day moving average of $14.45. The company has a market cap of $81.34 billion, a P/E ratio of 33.10, a P/E/G ratio of 0.81 and a beta of 1.07. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29.

NU (NYSE:NU) last posted its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.96 billion. On average, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share 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.