Nu Holdings Ltd. $NU Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 34.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,357,872 shares of the company’s stock after selling 12,776,072 shares during the period. Geode Capital Management LLC owned 0.51% of NU worth $331,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in shares of NU during the second quarter valued at approximately $27,000. Capital Analysts LLC purchased a new stake in shares of NU in the first quarter valued at $31,000. ORG Partners LLC grew its holdings in NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after buying an additional 1,920 shares during the period. Quaker Wealth Management LLC grew its holdings in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares during the period. Finally, Banque Transatlantique SA acquired a new position in shares of NU during the 1st quarter valued at about $34,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NU shares. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and raised their target price for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, August 25th. Susquehanna boosted their price objective on shares of NU from $17.00 to $19.00 and gave the company a “positive” rating in a research note on Friday. KeyCorp upped their price objective on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Santander upgraded NU to a “neutral” rating in a research note on Monday, August 25th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.

NU Stock Up 1.6%

Shares of NU stock opened at $15.83 on Friday. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.55. The stock has a market cap of $76.29 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $15.68 and a 200 day moving average price of $13.88.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $3.96 billion. NU had a return on equity of 31.82% and a net margin of 17.97%. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.