ARK Investment Management LLC Trims Holdings in Nu Holdings Ltd. (NYSE:NU)

ARK Investment Management LLC cut its holdings in Nu Holdings Ltd. (NYSE:NU) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,466,947 shares of the company’s stock after selling 338,913 shares during the quarter. ARK Investment Management LLC owned approximately 0.07% of NU worth $28,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. grew its position in shares of NU by 401.5% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,143,834 shares of the company’s stock worth $8,293,000 after buying an additional 915,773 shares during the period. Morgan Stanley boosted its stake in NU by 7.1% in the 3rd quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock worth $444,138,000 after purchasing an additional 4,044,904 shares in the last quarter. Hsbc Holdings PLC boosted its stake in NU by 39.0% in the 3rd quarter. Hsbc Holdings PLC now owns 1,120,216 shares of the company’s stock worth $8,141,000 after purchasing an additional 314,131 shares in the last quarter. Washington University boosted its stake in NU by 21.9% in the 3rd quarter. Washington University now owns 15,816,850 shares of the company’s stock worth $114,672,000 after purchasing an additional 2,841,291 shares in the last quarter. Finally, Investment House LLC boosted its stake in NU by 7.5% in the 3rd quarter. Investment House LLC now owns 1,484,988 shares of the company’s stock worth $10,766,000 after purchasing an additional 103,864 shares in the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. UBS Group upped their price target on shares of NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Susquehanna upped their target price on shares of NU from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Finally, TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average price target of $9.67.

NU Price Performance

Shares of NYSE:NU opened at $11.96 on Thursday. The firm’s 50 day moving average price is $10.50 and its 200-day moving average price is $8.90. Nu Holdings Ltd. has a twelve month low of $4.29 and a twelve month high of $12.39. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $56.13 billion, a PE ratio of 56.93, a price-to-earnings-growth ratio of 0.60 and a beta of 1.07.

NU (NYSE:NU) last released its 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 firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same period in the prior year, the company posted $0.03 earnings per share. Equities research analysts expect that Nu Holdings Ltd. will post 0.39 EPS for the current year.

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.