Genesis Investment Management LLP Has $81.77 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Genesis Investment Management LLP reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 31.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,816,062 shares of the company’s stock after selling 4,473,762 shares during the quarter. NU makes up approximately 16.0% of Genesis Investment Management LLP’s holdings, making the stock its 2nd biggest position. Genesis Investment Management LLP owned approximately 0.21% of NU worth $81,768,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of NU by 1,232.5% in the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after buying an additional 3,833 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of NU by 37.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock valued at $48,000 after buying an additional 1,641 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of NU in the 4th quarter valued at approximately $52,000. UMB Bank n.a. acquired a new stake in shares of NU in the 4th quarter valued at approximately $55,000. Finally, WASHINGTON TRUST Co acquired a new stake in shares of NU in the 3rd quarter valued at approximately $49,000. 80.90% of the stock is owned by institutional investors.

NU Stock Performance

NU stock traded down $0.11 during trading hours on Wednesday, hitting $10.84. 17,143,755 shares of the stock were exchanged, compared to its average volume of 19,830,582. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $50.89 billion, a P/E ratio of 51.62, a P/E/G ratio of 0.54 and a beta of 1.08. The company has a 50-day simple moving average of $11.21 and a two-hundred day simple moving average of $9.35. Nu Holdings Ltd. has a 12 month low of $4.51 and a 12 month high of $12.39.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the business posted $0.03 EPS. On average, analysts forecast that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TheStreet raised NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. UBS Group raised their price target on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Susquehanna raised their price target on NU from $11.00 to $12.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.67.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.