Nikko Asset Management Americas Inc. Has $55.68 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Nikko Asset Management Americas Inc. lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 12.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,374,794 shares of the company’s stock after selling 787,716 shares during the period. Nikko Asset Management Americas Inc.’s holdings in NU were worth $55,683,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NU. State Street Corp lifted its holdings in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Geode Capital Management LLC lifted its holdings in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after buying an additional 11,613,191 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after buying an additional 8,806,495 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 9.3 %

NYSE:NU opened at $11.75 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a 50-day moving average of $12.00 and a 200-day moving average of $12.95. The company has a market cap of $55.98 billion, a PE ratio of 29.36, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The company 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%. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NU shares. JPMorgan Chase & Co. dropped their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Barclays decreased their price target 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. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and decreased their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.