Nu Holdings Ltd. (NYSE:NU) Stake Decreased by ARK Investment Management LLC

ARK Investment Management LLC lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,086,518 shares of the company’s stock after selling 29,126 shares during the period. ARK Investment Management LLC’s holdings in NU were worth $21,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. State Street Corp raised its holdings in 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 in the last quarter. Baillie Gifford & Co. raised its holdings in NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NU by 458.3% during 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 worth $193,111,000 after purchasing an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in NU by 122.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after purchasing an additional 8,806,495 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NU. The Goldman Sachs Group boosted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. decreased their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.47.

NU Trading Up 2.1 %

NYSE NU opened at $11.25 on Wednesday. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. 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 stock has a market cap of $53.60 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 0.48 and a beta of 1.10. The firm’s 50 day moving average price is $11.90 and its two-hundred day moving average price is $13.24.

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

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.