Dragoneer Investment Group LLC Trims Holdings in Nu Holdings Ltd. $NU

Dragoneer Investment Group LLC trimmed its holdings in Nu Holdings Ltd. (NYSE:NU) by 50.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,954,299 shares of the company’s stock after selling 4,954,299 shares during the quarter. NU comprises about 1.8% of Dragoneer Investment Group LLC’s investment portfolio, making the stock its 15th biggest holding. Dragoneer Investment Group LLC owned about 0.10% of NU worth $79,318,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of NU by 150.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 203,635 shares of the company’s stock valued at $2,794,000 after purchasing an additional 122,273 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of NU by 34.7% in the 2nd quarter. Acadian Asset Management LLC now owns 175,436 shares of the company’s stock worth $2,406,000 after purchasing an additional 45,158 shares in the last quarter. Allworth Financial LP boosted its position in shares of NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after purchasing an additional 1,601 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of NU in the 2nd quarter worth approximately $358,000. Finally, KBC Group NV increased its position in NU by 8.6% during the 2nd quarter. KBC Group NV now owns 784,754 shares of the company’s stock valued at $10,767,000 after buying an additional 62,084 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NYSE NU opened at $13.88 on Friday. The firm has a market cap of $66.86 billion, a P/E ratio of 23.92, a PEG ratio of 0.54 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 quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $16.71 and a 200 day moving average of $16.22.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. UBS Group cut their target price on NU from $18.40 to $17.20 and set a “neutral” rating on the stock in a research note on Wednesday, March 4th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Finally, Itau BBA Securities reissued an “outperform” rating on shares of NU in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.