MetLife Investment Management LLC Cuts Stock Position in Nu Holdings Ltd. (NYSE:NU)

MetLife Investment Management LLC cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,166 shares of the company’s stock after selling 4,468 shares during the period. MetLife Investment Management LLC’s holdings in NU were worth $2,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC increased its position in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after purchasing an additional 359,733 shares during the last quarter. Advisory Resource Group purchased a new stake in shares of NU during the 3rd quarter worth $979,000. Morse Asset Management Inc lifted its position in shares of NU by 71.1% during the 3rd quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock worth $802,000 after purchasing an additional 24,436 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NU during the 3rd quarter worth $148,000. Finally, Blankinship & Foster LLC purchased a new stake in shares of NU during the 3rd quarter worth $3,212,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NYSE:NU opened at $12.14 on Tuesday. The company has a 50-day simple moving average of $10.96 and a 200-day simple moving average of $12.22. Nu Holdings Ltd. has a one year low of $9.01 and a one year 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. The stock has a market capitalization of $57.86 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. On average, analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on NU. Barclays lifted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group decreased their price objective 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. Finally, JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and decreased their price objective 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 given a buy rating to the company. According to MarketBeat.com, NU has a consensus rating of “Moderate Buy” 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.