Arrowstreet Capital Limited Partnership Cuts Stake in Nu Holdings Ltd. $NU

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 46.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,886,866 shares of the company’s stock after selling 4,227,012 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.10% of NU worth $67,048,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of NU during the 2nd quarter worth $1,042,000. MBM Wealth Consultants LLC increased its holdings in NU by 19.6% in the second quarter. MBM Wealth Consultants LLC now owns 57,929 shares of the company’s stock valued at $795,000 after buying an additional 9,503 shares in the last quarter. Fisher Asset Management LLC increased its stake in NU by 42.1% in the 2nd quarter. Fisher Asset Management LLC now owns 10,383,266 shares of the company’s stock valued at $142,458,000 after purchasing an additional 3,076,400 shares in the last quarter. TradeLink Capital LLC purchased a new stake in NU during the second quarter worth $273,000. Finally, Edgestream Partners L.P. purchased a new position in shares of NU in the second quarter valued at $567,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of recent research reports. Susquehanna raised their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and raised their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday. Bank of America boosted their price target on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Finally, Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price objective for the company in a research report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

NU Trading Up 1.1%

NYSE:NU opened at $17.63 on Friday. The firm has a market capitalization of $84.93 billion, a P/E ratio of 34.56, a P/E/G ratio of 0.83 and a beta of 1.07. The business has a 50 day simple moving average of $15.89 and a 200 day simple moving average of $14.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $17.84.

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