Nu Holdings Ltd. $NU Holdings Trimmed by Advent International L.P.

Advent International L.P. lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 21.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,799,959 shares of the company’s stock after selling 3,250,000 shares during the quarter. NU accounts for 5.3% of Advent International L.P.’s investment portfolio, making the stock its 7th largest holding. Advent International L.P. owned 0.24% of NU worth $161,895,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NU. Armstrong Advisory Group Inc. purchased a new position in NU during the second quarter worth about $27,000. Capital Analysts LLC acquired a new position in NU during the 1st quarter worth approximately $31,000. ORG Partners LLC raised its stake in shares of NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after buying an additional 1,920 shares in the last quarter. Quaker Wealth Management LLC raised its stake in shares of NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after buying an additional 4,341 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of NU in the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NU. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price objective on the stock in a report on Monday, August 25th. Bank of America upped their price target on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Finally, UBS Group upped their target price on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $17.71.

NU Price Performance

Shares of NYSE NU opened at $16.88 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock has a market cap of $81.34 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 0.80 and a beta of 1.07. The company’s 50-day moving average price is $16.03 and its 200 day moving average price is $14.43. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $17.84.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) 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 company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

About NU

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.