Nu Holdings Ltd. $NU Shares Sold by INCA Investments LLC

INCA Investments LLC decreased its position in Nu Holdings Ltd. (NYSE:NU) by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,491,607 shares of the company’s stock after selling 372,592 shares during the quarter. NU comprises 11.0% of INCA Investments LLC’s investment portfolio, making the stock its 4th largest holding. INCA Investments LLC’s holdings in NU were worth $23,881,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NU. Allianz Asset Management GmbH grew its position in NU by 82.6% in the third quarter. Allianz Asset Management GmbH now owns 340,992 shares of the company’s stock worth $5,459,000 after acquiring an additional 154,257 shares in the last quarter. WCM Investment Management LLC boosted its holdings in NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after purchasing an additional 659,526 shares in the last quarter. Truxt Investmentos Ltda. acquired a new position in NU during the third quarter worth $20,448,000. Pathway Capital Management LP raised its holdings in NU by 62.7% during the third quarter. Pathway Capital Management LP now owns 59,010 shares of the company’s stock valued at $945,000 after buying an additional 22,746 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of NU by 31.1% in the third quarter. Jones Financial Companies Lllp now owns 66,592 shares of the company’s stock worth $1,051,000 after buying an additional 15,790 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 1.9%

Shares of NU opened at $18.09 on Tuesday. The stock’s 50-day moving average price is $17.13 and its 200 day moving average price is $15.57. 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 12-month low of $9.01 and a 12-month high of $18.98. The firm has a market capitalization of $87.18 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 0.58 and a beta of 1.08.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 target price on shares of NU in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. KeyCorp upped their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, UBS Group lifted their price objective on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.34.

NU Profile

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.