Nu Holdings Ltd. $NU Shares Sold by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft reduced its stake in Nu Holdings Ltd. by 19.5%, selling 97,294 shares and leaving it with 401,290 shares valued at approximately $5.5 million.
• Analysts have a generally positive outlook on NU, with Citigroup upgrading the stock to a "buy" and raising the price target from $9.00 to $18.00, while the consensus target price stands at $17.06.
• NU reported earnings of $0.14 per share for the last quarter, exceeding expectations, with a revenue of $3.70 billion, slightly below forecasts of $3.78 billion.

Baader Bank Aktiengesellschaft lessened its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,290 shares of the company's stock after selling 97,294 shares during the period. Baader Bank Aktiengesellschaft's holdings in NU were worth $5,489,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in NU. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of NU by 4.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,128 shares of the company's stock worth $2,252,000 after buying an additional 7,605 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of NU by 15.3% in the 2nd quarter. Parallel Advisors LLC now owns 15,794 shares of the company's stock worth $217,000 after purchasing an additional 2,093 shares during the period. Kera Capital Partners Inc. lifted its position in shares of NU by 6.8% during the 2nd quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company's stock valued at $7,280,000 after acquiring an additional 33,999 shares during the period. IFM Investors Pty Ltd increased its stake in NU by 46.4% during the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company's stock valued at $1,098,000 after purchasing an additional 34,017 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NU by 13.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,830,023 shares of the company's stock worth $223,539,000 after acquiring an additional 2,597,714 shares in the last quarter. Institutional investors own 84.02% of the company's stock.

NU Price Performance

Shares of NU stock traded down $0.05 on Monday, reaching $16.13. The company's stock had a trading volume of 19,089,539 shares, compared to its average volume of 56,042,332. The company has a market capitalization of $77.70 billion, a P/E ratio of 35.07, a PEG ratio of 0.84 and a beta of 1.07. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.35. The stock has a 50-day moving average price of $13.77 and a 200-day moving average price of $12.56. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America raised their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Santander raised shares of NU to a "neutral" rating in a research report on Monday, August 25th. UBS Group upped their price target on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Finally, Citigroup upgraded 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 report on Wednesday, August 20th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.06.

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.