Sylebra Capital LLC Sells 1,209,468 Shares of Nu Holdings Ltd. (NYSE:NU)

Sylebra Capital LLC reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 33.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,354,183 shares of the company’s stock after selling 1,209,468 shares during the quarter. NU makes up 0.7% of Sylebra Capital LLC’s investment portfolio, making the stock its 22nd largest holding. Sylebra Capital LLC’s holdings in NU were worth $24,389,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Piscataqua Savings Bank boosted its holdings in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares during the period. Orion Capital Management LLC bought a new stake in NU in the 4th quarter valued at $50,000. TD Waterhouse Canada Inc. boosted its holdings in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after purchasing an additional 3,215 shares during the period. Campbell Capital Management Inc. bought a new stake in NU in the 4th quarter valued at $52,000. Finally, Cliffwater LLC bought a new stake in NU in the 4th quarter valued at $57,000. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NU shares. Susquehanna increased their price target on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays increased their price target on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.13.

NU Trading Up 2.3%

Shares of NU stock opened at $12.26 on Friday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The stock has a market cap of $59.08 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 0.48 and a beta of 1.11. 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 firm has a fifty day moving average of $11.54 and a 200-day moving average of $12.00.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the company posted $0.09 EPS. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.