Caisse DE Depot ET Placement DU Quebec Sells 184,921 Shares of Nu Holdings Ltd. $NU

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its holdings in Nu Holdings Ltd. by 49.2% in the first quarter, leaving it with 191,162 shares worth approximately $1.96 million.
• Despite the reduction by Caisse DE Depot, other investors such as NBC Securities Inc. and TFC Financial Management Inc. significantly increased their positions in NU during the same period.
• Nu Holdings recently reported earnings of $0.14 per share, surpassing estimates, but its revenue of $3.70 billion fell short of expectations set by analysts.

Caisse DE Depot ET Placement DU Quebec reduced its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 49.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 191,162 shares of the company's stock after selling 184,921 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in NU were worth $1,957,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. raised its position in shares of NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after purchasing an additional 2,860 shares during the period. Capital Analysts LLC bought a new position in NU during the 1st quarter worth $31,000. TFC Financial Management Inc. increased its position in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after buying an additional 1,295 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. boosted its holdings in shares of NU by 43.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after acquiring an additional 1,250 shares during the period. Institutional investors own 84.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NU shares. JPMorgan Chase & Co. boosted their target price on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Itau BBA Securities upgraded NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Monday, August 18th. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Santander upgraded NU to a "neutral" rating in a research report on Monday, August 25th. Finally, Susquehanna increased their price target on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research note on Wednesday, August 27th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, NU presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.96.

NU Price Performance

Shares of NYSE:NU traded down $0.26 during trading hours on Thursday, hitting $14.64. 13,637,155 shares of the company's stock traded hands, compared to its average volume of 56,822,781. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The company's fifty day simple moving average is $13.25 and its two-hundred day simple moving average is $12.22. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a market cap of $70.53 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 0.78 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating 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 business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS 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.