Franklin Resources Inc. Sells 555,977 Shares of Nu Holdings Ltd. (NYSE:NU)

Franklin Resources Inc. lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 11.0% in the 4th quarter, Holdings Channel reports. The firm owned 4,504,527 shares of the company’s stock after selling 555,977 shares during the period. Franklin Resources Inc.’s holdings in NU were worth $46,667,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Seven Mile Advisory grew its holdings in shares of NU by 26.6% in the fourth quarter. Seven Mile Advisory now owns 24,490 shares of the company’s stock valued at $254,000 after purchasing an additional 5,142 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of NU by 10.5% in the 4th quarter. Alliancebernstein L.P. now owns 18,070,508 shares of the company’s stock worth $187,210,000 after buying an additional 1,711,138 shares during the last quarter. Wellington Management Group LLP raised its position in shares of NU by 142.2% during the 4th quarter. Wellington Management Group LLP now owns 2,658,621 shares of the company’s stock valued at $27,543,000 after buying an additional 1,561,129 shares in the last quarter. Clearbridge Investments LLC bought a new position in shares of NU in the 4th quarter valued at about $952,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of NU by 1.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 545,157 shares of the company’s stock valued at $6,073,000 after acquiring an additional 5,438 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NU shares. UBS Group decreased their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, NU has an average rating of “Hold” and an average price target of $15.47.

NU Stock Down 6.8 %

Shares of NU opened at $9.57 on Friday. The firm has a fifty day moving average price of $11.87 and a 200-day moving average price of $12.62. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $45.61 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.48 and a beta of 1.14. 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 quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU 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.