Softbank Group CORP. Sells 2,334,366 Shares of Nu Holdings Ltd. (NYSE:NU)

Softbank Group CORP. decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,009,299 shares of the company’s stock after selling 2,334,366 shares during the period. NU makes up about 0.9% of Softbank Group CORP.’s investment portfolio, making the stock its 8th largest holding. Softbank Group CORP.’s holdings in NU were worth $217,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NU. Sora Investors LLC bought a new stake in NU in the 4th quarter valued at approximately $4,440,000. Rafferty Asset Management LLC bought a new stake in shares of NU in the fourth quarter worth $173,000. Ribbit Management Company LLC lifted its position in shares of NU by 22.1% in the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company’s stock worth $261,525,000 after purchasing an additional 4,575,000 shares in the last quarter. Polar Capital Holdings Plc boosted its holdings in NU by 40.8% during the fourth quarter. Polar Capital Holdings Plc now owns 5,370,410 shares of the company’s stock worth $55,637,000 after purchasing an additional 1,557,402 shares during the last quarter. Finally, Malaga Cove Capital LLC grew its position in NU by 213.1% in the fourth quarter. Malaga Cove Capital LLC now owns 71,847 shares of the company’s stock valued at $744,000 after purchasing an additional 48,901 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Trading Down 2.7%

NU stock opened at $13.12 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a 50-day simple moving average of $11.40 and a 200 day simple moving average of $12.08. The stock has a market capitalization of $63.22 billion, a P/E ratio of 32.80, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15.

NU (NYSE:NU) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on NU. Barclays boosted their price target on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Susquehanna raised their price target on NU from $14.00 to $15.00 and gave the company a “positive” rating in a research note on Wednesday. Finally, UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.13.

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.