Nu Holdings Ltd. $NU Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in Nu Holdings Ltd. (NYSE:NU) by 78.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,027 shares of the company’s stock after selling 382,330 shares during the quarter. Intech Investment Management LLC’s holdings in NU were worth $1,633,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Jordan Park Group LLC grew its stake in shares of NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after buying an additional 1,104,421 shares during the period. Allworth Financial LP boosted its holdings in NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after acquiring an additional 1,601 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in NU during the second quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its stake in NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after acquiring an additional 1,464 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of NU by 694.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock worth $87,000 after purchasing an additional 5,552 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

NU opened at $14.80 on Friday. The company has a fifty day simple moving average of $17.00 and a 200 day simple moving average of $16.18. The firm has a market cap of $71.32 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NU shares. Susquehanna boosted their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. KeyCorp boosted their price objective on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. JPMorgan Chase & Co. lifted their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.22.

NU Company 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.