Nu Holdings Ltd. (NYSE:NU) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC decreased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,466,947 shares of the company’s stock after selling 338,913 shares during the quarter. ARK Investment Management LLC’s holdings in NU were worth $28,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. lifted its holdings in NU by 401.5% in the third quarter. Itau Unibanco Holding S.A. now owns 1,143,834 shares of the company’s stock valued at $8,293,000 after acquiring an additional 915,773 shares during the period. Morgan Stanley lifted its holdings in NU by 7.1% in the third quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock valued at $444,138,000 after acquiring an additional 4,044,904 shares during the period. Hsbc Holdings PLC lifted its holdings in NU by 39.0% in the third quarter. Hsbc Holdings PLC now owns 1,120,216 shares of the company’s stock valued at $8,141,000 after acquiring an additional 314,131 shares during the period. Washington University lifted its holdings in NU by 21.9% in the third quarter. Washington University now owns 15,816,850 shares of the company’s stock valued at $114,672,000 after acquiring an additional 2,841,291 shares during the period. Finally, Investment House LLC lifted its holdings in NU by 7.5% in the third quarter. Investment House LLC now owns 1,484,988 shares of the company’s stock valued at $10,766,000 after acquiring an additional 103,864 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Trading Down 2.2 %

Shares of NU stock opened at $11.96 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.31. The company has a market cap of $56.13 billion, a price-to-earnings ratio of 56.93, a PEG ratio of 0.60 and a beta of 1.07. The stock has a 50 day simple moving average of $10.50 and a 200-day simple moving average of $8.90. Nu Holdings Ltd. has a 1-year low of $4.29 and a 1-year high of $12.39.

NU (NYSE:NU) last announced its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same period in the previous year, the company earned $0.03 earnings per share. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. TheStreet raised NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Susquehanna boosted their price target on NU from $11.00 to $12.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Finally, UBS Group boosted their price target on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average price target of $9.67.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.