Sumitomo Mitsui Trust Holdings Inc. Has $69.19 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 18.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,306,204 shares of the company’s stock after selling 1,916,987 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.18% of NU worth $69,191,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NU. Huntington National Bank raised its stake in shares of NU by 1,232.5% in the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after purchasing an additional 3,833 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of NU by 37.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock valued at $48,000 after purchasing an additional 1,641 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in shares of NU in the 4th quarter valued at about $52,000. UMB Bank n.a. acquired a new stake in shares of NU in the 4th quarter valued at about $55,000. Finally, WASHINGTON TRUST Co acquired a new stake in shares of NU in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of several recent research reports. TheStreet raised NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Susquehanna raised their price objective 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 raised their price objective on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus price target of $9.67.

NU Trading Down 0.4 %

NU stock opened at $10.80 on Thursday. Nu Holdings Ltd. has a 52 week low of $4.60 and a 52 week high of $12.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The stock has a market capitalization of $50.68 billion, a P/E ratio of 51.41, a PEG ratio of 0.53 and a beta of 1.08. The stock has a 50-day simple moving average of $11.23 and a 200 day simple moving average of $9.36.

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

NU Company Profile

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.