Lbp Am Sa Cuts Holdings in Nu Holdings Ltd. $NU

Lbp Am Sa decreased its holdings in Nu Holdings Ltd. (NYSE:NU) by 37.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 515,183 shares of the company’s stock after selling 309,440 shares during the period. Lbp Am Sa’s holdings in NU were worth $8,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp raised its position in NU by 2.4% in the 2nd quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after buying an additional 2,158,037 shares during the last quarter. Sands Capital Management LLC grew its stake in shares of NU by 5.9% in the second quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after acquiring an additional 3,060,463 shares during the period. Norges Bank purchased a new position in shares of NU during the second quarter valued at approximately $626,569,000. Jennison Associates LLC lifted its position in NU by 38.1% during the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after purchasing an additional 11,567,865 shares during the period. Finally, Legal & General Group Plc boosted its holdings in NU by 0.7% in the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock worth $394,389,000 after purchasing an additional 194,423 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

Shares of NU opened at $18.17 on Tuesday. The business has a 50-day simple moving average of $16.86 and a two-hundred day simple moving average of $15.40. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.37. The stock has a market cap of $87.56 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 0.59 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.96 billion. On average, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

NU has been the subject of a number of research reports. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. UBS Group upped their price target on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Finally, Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.04.

About NU

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.