Atmos Capital Gestao DE Recursos LTDA. Sells 1,301,661 Shares of Nu Holdings Ltd. $NU

Key Points

• Atmos Capital Gestao DE Recursos LTDA reduced its holdings in Nu Holdings Ltd. by 28.3%, selling 1,301,661 shares, which leaves them with approximately 3.3 million shares valued at $33.8 million.
• Various institutional investors have changed their stakes in NU, with GAMMA Investing LLC increasing its position by an impressive 2,069.9% during the same quarter.
• Wall Street analysts have generally rated NU positively, with nine analysts giving it a Buy rating and an average target price of $17.06, following recent upgrades from firms like Citigroup and Itau BBA Securities.

Atmos Capital Gestao DE Recursos LTDA. decreased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 28.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,304,622 shares of the company's stock after selling 1,301,661 shares during the quarter. NU comprises approximately 7.1% of Atmos Capital Gestao DE Recursos LTDA.'s investment portfolio, making the stock its 6th biggest position. Atmos Capital Gestao DE Recursos LTDA. owned about 0.07% of NU worth $33,839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NU. GAMMA Investing LLC grew its position in NU by 2,069.9% during the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after buying an additional 68,865 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in NU during the first quarter worth approximately $113,000. Cetera Investment Advisers grew its position in NU by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after buying an additional 10,955 shares in the last quarter. SG Americas Securities LLC grew its position in NU by 212.1% during the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after buying an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC grew its position in NU by 3.1% during the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after buying an additional 37,888 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group increased their price target on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research report on Monday, August 18th. Santander raised NU to a "neutral" rating in a research report on Monday, August 25th. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, Citigroup upgraded NU from a "sell" rating to a "buy" rating and upped their target price for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.06.

NU Stock Up 3.3%

NYSE NU opened at $15.23 on Tuesday. The business has a fifty day moving average price of $13.34 and a two-hundred day moving average price of $12.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The stock has a market capitalization of $73.37 billion, a PE ratio of 33.10, a PEG ratio of 0.77 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the company earned $0.12 earnings per share. Equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Company 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.

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