FDx Advisors Inc. Decreases Stock Position in Nu Holdings Ltd. (NYSE:NU)

FDx Advisors Inc. lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,294 shares of the company’s stock after selling 6,321 shares during the period. FDx Advisors Inc.’s holdings in NU were worth $355,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NU. State Street Corp increased its holdings in shares of NU by 105.9% in 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 during the period. Baillie Gifford & Co. increased its holdings in shares of NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after buying an additional 24,140,416 shares during the period. Geode Capital Management LLC increased its holdings in shares of NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after buying an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after buying an additional 11,613,191 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after buying an additional 8,806,495 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Down 1.1 %

NU stock opened at $13.33 on Friday. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The business’s 50 day moving average price is $11.95 and its two-hundred day moving average price is $13.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $63.51 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 28.70% and a net margin of 16.28%. As a group, analysts forecast that Nu Holdings Ltd. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NU shares. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.80.

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.