Ieq Capital LLC Lowers Stock Position in Nu Holdings Ltd. $NU

Key Points

• Ieq Capital LLC reduced its stake in Nu Holdings Ltd. by 3.2%, resulting in ownership of approximately $37.92 million in shares after selling 121,970 shares.
• Nu Holdings reported $0.14 earnings per share for the last quarter, surpassing analysts' expectations of $0.12, but fell short on revenue with $3.70 billion compared to the expected $3.78 billion.
• Several hedge funds increased their positions in Nu, with GAMMA Investing LLC reporting a massive 2,069.9% increase in holdings during the first quarter.

Ieq Capital LLC lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,703,557 shares of the company's stock after selling 121,970 shares during the period. Ieq Capital LLC owned about 0.08% of NU worth $37,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of NU by 2,069.9% in the 1st 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 position in NU during the first quarter worth about $113,000. Cetera Investment Advisers lifted its holdings in shares of NU by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock valued at $2,013,000 after purchasing an additional 10,955 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of NU by 212.1% in the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock valued at $854,000 after purchasing an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC grew its position in shares of NU by 3.1% in the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock valued at $12,798,000 after purchasing an additional 37,888 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Up 0.2%

NU stock traded up $0.04 during trading on Friday, hitting $14.81. The company's stock had a trading volume of 37,347,665 shares, compared to its average volume of 54,728,864. The stock's fifty day moving average is $13.14 and its 200 day moving average is $12.20. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market capitalization of $71.34 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 0.77 and a beta of 1.05. 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 (NYSE:NU - Get Free Report) last posted its quarterly 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 company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the previous year, the business earned $0.12 EPS. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on NU. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Bank of America raised their price target on NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday. Citigroup raised NU from a "sell" rating to a "buy" rating and boosted their price target for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Susquehanna upped their price objective on NU from $15.00 to $17.00 and gave the company a "positive" rating in a research report on Wednesday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.90.

About NU

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.