Nu Holdings Ltd. (NYSE:NU) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its stake in Nu Holdings Ltd. (NYSE:NU) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,019,487 shares of the company’s stock after selling 490,074 shares during the period. Natixis Advisors LLC’s holdings in NU were worth $10,562,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NU. Campbell Capital Management Inc. purchased a new stake in shares of NU during the 4th quarter worth approximately $52,000. Northwest Wealth Management LLC acquired a new position in NU during the fourth quarter worth $172,000. LBP AM SA boosted its position in NU by 15.6% during the fourth quarter. LBP AM SA now owns 210,503 shares of the company’s stock worth $2,181,000 after purchasing an additional 28,375 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in NU by 19.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 501,000 shares of the company’s stock valued at $5,333,000 after purchasing an additional 82,200 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its position in shares of NU by 37.2% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 21,156 shares of the company’s stock valued at $219,000 after buying an additional 5,739 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NYSE:NU opened at $11.93 on Thursday. The company has a market cap of $56.83 billion, a P/E ratio of 29.81, a P/E/G ratio of 0.48 and a beta of 1.14. The business has a fifty day simple moving average of $12.04 and a 200-day simple moving average of $12.91. 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 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the topic of several recent research reports. UBS Group decreased their price objective 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. Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. lowered their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. One 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. Based on data from MarketBeat, the company has an average 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.