Swiss National Bank Trims Stake in Nu Holdings Ltd. (NYSE:NU)

Swiss National Bank trimmed its position in Nu Holdings Ltd. (NYSE:NU) by 0.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,669,657 shares of the company’s stock after selling 60,000 shares during the quarter. Swiss National Bank’s holdings in NU were worth $69,098,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in NU by 547.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,754 shares of the company’s stock valued at $806,000 after buying an additional 65,743 shares during the period. Rakuten Securities Inc. increased its holdings in shares of NU by 109.3% in the 4th quarter. Rakuten Securities Inc. now owns 50,158 shares of the company’s stock valued at $520,000 after acquiring an additional 26,191 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of NU by 111.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 26,686 shares of the company’s stock worth $276,000 after acquiring an additional 14,065 shares in the last quarter. AGF Management Ltd. purchased a new stake in shares of NU during the 4th quarter worth $139,000. Finally, Donaldson Capital Management LLC boosted its position in NU by 26.7% during the fourth quarter. Donaldson Capital Management LLC now owns 230,659 shares of the company’s stock valued at $2,390,000 after purchasing an additional 48,562 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 9.3 %

Shares of NYSE:NU opened at $11.75 on Friday. The business has a 50-day moving average price of $12.00 and a 200-day moving average price of $12.96. The stock has a market cap of $55.98 billion, a price-to-earnings ratio of 29.36, a PEG 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. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

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

Wall Street Analyst Weigh In

Several analysts have commented on NU shares. 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 report on Tuesday, February 18th. Barclays decreased their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. cut their price target 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. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. One equities research 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’s stock. Based on data from MarketBeat, the company currently has an average 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.