USS Investment Management Ltd Sells 109,925 Shares of Nu Holdings Ltd. (NYSE:NU)

USS Investment Management Ltd trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,942,311 shares of the company’s stock after selling 109,925 shares during the period. USS Investment Management Ltd owned about 0.06% of NU worth $30,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Baader Bank Aktiengesellschaft increased its holdings in NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after buying an additional 58,183 shares during the period. Baillie Gifford & Co. lifted its holdings in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. Barclays PLC raised its holdings in shares of NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock worth $13,718,000 after acquiring an additional 359,733 shares during the period. Artemis Investment Management LLP raised its holdings in NU by 73.3% in the 4th quarter. Artemis Investment Management LLP now owns 571,753 shares of the company’s stock valued at $5,923,000 after buying an additional 241,907 shares during the period. Finally, KBC Group NV increased its stake in NU by 314.8% during the fourth quarter. KBC Group NV now owns 633,708 shares of the company’s stock worth $6,565,000 after purchasing an additional 480,922 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NU shares. Susquehanna boosted their price objective on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays increased their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, UBS Group decreased their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.13.

NU Price Performance

Shares of NU opened at $13.09 on Tuesday. The company has a market cap of $63.08 billion, a P/E ratio of 32.73, a PEG ratio of 0.48 and a beta of 1.11. The stock has a fifty day moving average price of $11.49 and a 200 day moving average price of $12.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

NU (NYSE:NU) last released its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same period in the previous year, the firm earned $0.09 earnings per share. On average, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.