Technology Crossover Management X Ltd. Sells 13,945,362 Shares of Nu Holdings Ltd. (NYSE:NU)

Technology Crossover Management X Ltd. reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,781,448 shares of the company’s stock after selling 13,945,362 shares during the period. NU accounts for approximately 82.7% of Technology Crossover Management X Ltd.’s holdings, making the stock its largest holding. Technology Crossover Management X Ltd.’s holdings in NU were worth $577,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NU. Baillie Gifford & Co. boosted its holdings in 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 buying an additional 14,875,891 shares during the last quarter. State Street Corp raised its position in shares of NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. FMR LLC boosted its stake in NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after acquiring an additional 8,728,833 shares during the last quarter. Geode Capital Management LLC increased its stake in NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. boosted its position in shares of NU by 14.9% during the fourth quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company’s stock worth $218,700,000 after purchasing an additional 2,741,700 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

NYSE NU opened at $11.62 on Monday. The firm’s 50 day moving average is $12.05 and its 200-day moving average is $12.85. 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 price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group reduced their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Citigroup cut NU from a “neutral” rating to a “sell” rating and cut their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. JPMorgan Chase & Co. lowered their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, Barclays cut their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.47.

About NU

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.