Sumitomo Mitsui Trust Group Inc. Sells 1,013,201 Shares of Nu Holdings Ltd. (NYSE:NU)

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 7.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,826,009 shares of the company’s stock after selling 1,013,201 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.27% of NU worth $132,877,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp raised its stake in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. Baillie Gifford & Co. increased its stake in shares of NU by 13.0% in 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 position in shares of NU by 104.3% during the 3rd 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NU by 458.3% during the 3rd 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 in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in NU by 122.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after buying an additional 8,806,495 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on NU. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. KeyCorp lifted their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, NU has an average rating of “Hold” and a consensus target price of $15.63.

NU Price Performance

NU stock opened at $13.75 on Friday. The company has a fifty day simple moving average of $11.64 and a two-hundred day simple moving average of $13.13. Nu Holdings Ltd. has a 52 week low of $9.44 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. The firm has a market capitalization of $65.51 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10.

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.