Groupe la Francaise Lowers Stock Position in Nu Holdings Ltd. $NU

Key Points

• Groupe la Francaise reduced its stake in Nu Holdings Ltd. by 4.2%, now holding 595,883 shares valued at approximately $6.6 million.
• Several institutional investors, including Baillie Gifford & Co. and Kontiki Capital Management, significantly increased their holdings in Nu during the first quarter of the year.
• Wall Street analysts have raised their price targets for Nu Holdings, with the consensus rating now classified as a "Moderate Buy" and a target price of $16.56.

Groupe la Francaise decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 4.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 595,883 shares of the company's stock after selling 26,106 shares during the period. Groupe la Francaise's holdings in NU were worth $6,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Circle Wealth Management LLC boosted its holdings in shares of NU by 28.6% in the 1st quarter. Circle Wealth Management LLC now owns 141,088 shares of the company's stock valued at $1,445,000 after buying an additional 31,346 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of NU by 63.2% in the 1st quarter. Ameriprise Financial Inc. now owns 12,206,329 shares of the company's stock valued at $124,730,000 after buying an additional 4,725,868 shares in the last quarter. Partners Capital Investment Group LLP acquired a new stake in NU in the 1st quarter worth approximately $694,000. Price T Rowe Associates Inc. MD boosted its stake in NU by 24.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock worth $557,422,000 after purchasing an additional 10,785,851 shares in the last quarter. Finally, Sands Capital Ventures LLC boosted its stake in NU by 2.0% in the 1st quarter. Sands Capital Ventures LLC now owns 7,164,355 shares of the company's stock worth $73,363,000 after purchasing an additional 143,196 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Up 0.4%

Shares of NU traded up $0.06 during mid-day trading on Tuesday, hitting $14.29. 70,749,814 shares of the company's stock were exchanged, compared to its average volume of 57,408,000. The stock's 50-day moving average is $12.94 and its 200-day moving average is $12.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current 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 company has a market cap of $68.83 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 0.80 and a beta of 1.05.

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 analysts' consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NU. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price objective for the company in a research note on Monday. Citigroup raised shares of NU from a "sell" rating to a "buy" rating and lifted their target price for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. Santander raised shares of NU to a "neutral" rating in a report on Monday. Finally, Susquehanna boosted their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.70.

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.