Corebridge Financial Inc. Has $946,000 Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Corebridge Financial Inc. cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,301 shares of the company’s stock after selling 5,680 shares during the period. Corebridge Financial Inc.’s holdings in NU were worth $946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Baillie Gifford & Co. boosted its stake in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after buying an additional 14,875,891 shares in the last quarter. State Street Corp increased its position in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Geode Capital Management LLC increased its position in NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Kontiki Capital Management HK Ltd. boosted its position in NU by 14.9% in the fourth quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company’s stock valued at $218,700,000 after buying an additional 2,741,700 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in NU by 5.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company’s stock valued at $218,026,000 after buying an additional 1,067,992 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NU shares. JPMorgan Chase & Co. lowered their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. UBS Group dropped their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Barclays lowered their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Price Performance

NU stock opened at $9.57 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14. The company’s fifty day simple moving average is $11.87 and its 200 day simple moving average is $12.60. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, 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.