American Century Companies Inc. Trims Stock Position in Nu Holdings Ltd. (NYSE:NU)

American Century Companies Inc. decreased its position in Nu Holdings Ltd. (NYSE:NU) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,613,648 shares of the company’s stock after selling 2,587,009 shares during the period. American Century Companies Inc. owned 0.24% of NU worth $120,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Piscataqua Savings Bank boosted its position 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 purchasing an additional 2,500 shares during the period. Campbell Capital Management Inc. acquired a new position in NU during the fourth quarter worth $52,000. Whipplewood Advisors LLC purchased a new position in NU during the 4th quarter valued at about $62,000. Ethos Financial Group LLC acquired a new position in NU in the 4th quarter valued at about $82,000. Finally, Berbice Capital Management LLC acquired a new position in shares of NU in the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

NU stock opened at $11.62 on Monday. The business has a 50 day moving average price of $12.05 and a 200 day moving average price of $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 stock has a market cap of $55.36 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15.

NU (NYSE:NU) last issued 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. The business 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%. 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

NU has been the topic of a number of research reports. Barclays reduced their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Citigroup cut NU from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. JPMorgan Chase & Co. reduced their price target on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.