Nu Holdings Ltd. (NYSE:NU) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its stake in Nu Holdings Ltd. (NYSE:NU) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,618,670 shares of the company’s stock after selling 3,240,807 shares during the period. Sei Investments Co. owned 0.29% of NU worth $141,089,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Virtu Financial LLC boosted its holdings in shares of NU by 1,081.3% in the 4th quarter. Virtu Financial LLC now owns 386,645 shares of the company’s stock valued at $4,006,000 after buying an additional 353,914 shares in the last quarter. Sciencast Management LP acquired a new stake in NU during the 4th quarter worth $947,000. Lakeshore Financial Planning Inc. acquired a new stake in NU during the 4th quarter worth $109,000. Whittier Trust Co. of Nevada Inc. boosted its stake in NU by 29.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 53,200 shares of the company’s stock worth $551,000 after purchasing an additional 12,195 shares during the period. Finally, RWQ Financial Management Services Inc. acquired a new stake in NU during the 4th quarter worth $150,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU opened at $11.62 on Friday. The company has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $12.87. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $55.36 billion, a PE ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15.

NU (NYSE:NU) last announced 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. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. UBS Group decreased their price target 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. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, Barclays reduced their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One 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. According to data from MarketBeat, NU presently has a consensus rating of “Hold” and an average price target of $15.47.

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.