Nu Holdings Ltd. $NU Shares Sold by Technology Crossover Management X Ltd.

Technology Crossover Management X Ltd. trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 23.7% in the fourth quarter, Holdings Channel reports. The firm owned 42,574,870 shares of the company’s stock after selling 13,206,578 shares during the period. NU comprises 71.1% of Technology Crossover Management X Ltd.’s investment portfolio, making the stock its largest holding. Technology Crossover Management X Ltd.’s holdings in NU were worth $712,703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lone Pine Capital LLC purchased a new position in NU during the 3rd quarter valued at about $406,757,000. Jennison Associates LLC boosted its holdings in NU by 82.6% during the 4th quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock valued at $659,067,000 after acquiring an additional 17,809,644 shares during the period. Marshall Wace LLP boosted its holdings in NU by 98.4% during the 3rd quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock valued at $466,555,000 after acquiring an additional 14,449,834 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in NU by 276.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company’s stock valued at $294,842,000 after acquiring an additional 13,529,278 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in NU by 182.9% during the 3rd quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company’s stock valued at $311,385,000 after acquiring an additional 12,574,893 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NU shares. Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Bank of America restated a “neutral” rating on shares of NU in a report on Monday, March 9th. Finally, CICC Research started coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.39.

Insider Activity

In other news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

NU Stock Performance

Shares of NU opened at $13.20 on Friday. The stock has a 50-day simple moving average of $14.15 and a 200-day simple moving average of $15.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $64.07 billion, a PE ratio of 20.30, a PEG ratio of 0.52 and a beta of 1.01. Nu Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98.

NU (NYSE:NU) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.