Nu Holdings Ltd. (NYSE:NU) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its holdings in Nu Holdings Ltd. (NYSE:NU) by 18.2% during the fourth quarter, HoldingsChannel reports. The firm owned 11,613,648 shares of the company’s stock after selling 2,587,009 shares during the period. American Century Companies Inc.’s holdings in NU were worth $120,317,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Piscataqua Savings Bank raised its stake in NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the last quarter. Campbell Capital Management Inc. acquired a new position in shares of NU in the fourth quarter valued at approximately $52,000. Whipplewood Advisors LLC purchased a new stake in shares of NU during the fourth quarter worth approximately $62,000. Ethos Financial Group LLC acquired a new stake in shares of NU during the fourth quarter worth $82,000. Finally, Berbice Capital Management LLC purchased a new position in NU in the 4th quarter valued at $93,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Finally, Citigroup downgraded NU from a “neutral” rating to a “sell” rating and cut their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.47.

NU Stock Performance

NU opened at $11.62 on Monday. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The stock has a market cap of $55.36 billion, a P/E ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14. The stock’s 50 day simple moving average is $12.05 and its 200 day simple moving average is $12.85. 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 (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.