Nu Holdings Ltd. (NYSE:NU) Shares Sold by Glynn Capital Management LLC

Glynn Capital Management LLC cut its position in shares of Nu Holdings Ltd. (NYSE:NU) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,235,075 shares of the company’s stock after selling 621,539 shares during the quarter. NU makes up 5.0% of Glynn Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Glynn Capital Management LLC owned about 0.07% of NU worth $26,948,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its position in shares of NU by 1,232.5% during the third quarter. Huntington National Bank now owns 4,144 shares of the company’s stock worth $30,000 after purchasing an additional 3,833 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in NU during the fourth quarter valued at about $52,000. UMB Bank n.a. bought a new stake in shares of NU in the 4th quarter worth approximately $55,000. PNC Financial Services Group Inc. increased its holdings in shares of NU by 37.1% in the third quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock valued at $60,000 after buying an additional 2,258 shares in the last quarter. Finally, ProVise Management Group LLC purchased a new stake in shares of NU during the third quarter valued at $74,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

NU traded down $0.05 during trading on Wednesday, hitting $10.81. The company’s stock had a trading volume of 10,772,975 shares, compared to its average volume of 29,689,938. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $50.75 billion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The firm’s 50 day moving average price is $11.34 and its two-hundred day moving average price is $9.57. Nu Holdings Ltd. has a 12 month low of $5.14 and a 12 month high of $12.39.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same quarter last year, the company earned $0.03 EPS. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NU has been the topic of several research reports. UBS Group upped their price objective on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a research note on Monday, January 29th. KeyCorp increased their target price on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Finally, Susquehanna lifted their target price on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.