HighTower Advisors LLC Sells 163,119 Shares of Nu Holdings Ltd. (NYSE:NU)

HighTower Advisors LLC lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 17.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 780,650 shares of the company’s stock after selling 163,119 shares during the quarter. HighTower Advisors LLC’s holdings in NU were worth $8,088,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its holdings in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after buying an additional 14,875,891 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of NU by 7.1% during the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after purchasing an additional 6,435,526 shares in the last quarter. State Street Corp grew its holdings in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. FMR LLC grew its holdings in shares of NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after purchasing an additional 8,728,833 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $11.83 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a 50 day moving average price of $12.02 and a two-hundred day moving average price of $12.94. The company has a market capitalization of $56.36 billion, a P/E ratio of 29.56, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. Analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent analyst reports. Barclays cut their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Citigroup lowered 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 report on Monday, December 2nd. JPMorgan Chase & Co. cut their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.47.

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.