Nu Holdings Ltd. $NU Shares Sold by Advent International L.P.

Advent International L.P. lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,057,459 shares of the company’s stock after selling 1,742,500 shares during the quarter. NU accounts for approximately 3.2% of Advent International L.P.’s portfolio, making the stock its 6th largest position. Advent International L.P. owned approximately 0.21% of NU worth $161,020,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NU. Ameriprise Financial Inc. increased its stake in NU by 33.6% in the third quarter. Ameriprise Financial Inc. now owns 23,149,021 shares of the company’s stock valued at $370,616,000 after purchasing an additional 5,827,797 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of NU by 70.5% during the third quarter. AQR Capital Management LLC now owns 1,890,000 shares of the company’s stock valued at $29,900,000 after purchasing an additional 781,484 shares during the period. Credit Agricole S A bought a new position in shares of NU during the 3rd quarter worth about $20,277,000. Raymond James Financial Inc. grew its stake in shares of NU by 7.9% in the 3rd quarter. Raymond James Financial Inc. now owns 529,619 shares of the company’s stock valued at $8,479,000 after buying an additional 38,989 shares during the period. Finally, Metavasi Capital LP grew its stake in shares of NU by 17.9% in the 3rd quarter. Metavasi Capital LP now owns 559,475 shares of the company’s stock valued at $8,957,000 after buying an additional 85,000 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 0.7%

NYSE NU opened at $13.88 on Friday. The business’s fifty day moving average is $16.71 and its 200-day moving average is $16.22. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. The stock has a market capitalization of $66.86 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 0.54 and a beta of 1.11. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Susquehanna upped their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Weiss Ratings raised NU from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, February 24th. JPMorgan Chase & Co. upped their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.22.

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.