Axiom Investors LLC DE Reduces Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Axiom Investors LLC DE lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 63.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,706,260 shares of the company’s stock after selling 2,924,225 shares during the quarter. Axiom Investors LLC DE’s holdings in NU were worth $17,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Piscataqua Savings Bank raised its stake in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares during the last quarter. Campbell Capital Management Inc. acquired a new position in NU in the fourth quarter valued at approximately $52,000. Whipplewood Advisors LLC acquired a new position in NU in the fourth quarter valued at approximately $62,000. Ethos Financial Group LLC acquired a new stake in shares of NU during the 4th quarter worth approximately $82,000. Finally, Berbice Capital Management LLC purchased a new position in shares of NU during the 4th quarter valued at approximately $93,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 6.8 %

Shares of NYSE NU opened at $10.34 on Monday. The stock has a market cap of $49.26 billion, a PE ratio of 25.84, 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 Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The company has a 50-day moving average of $12.04 and a 200 day moving average of $12.75.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NU. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. 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. Barclays decreased their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, UBS Group cut their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, NU has an average rating of “Hold” and an average target price of $15.47.

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.