Nu Holdings Ltd. $NU Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC reduced its stake in Nu Holdings Ltd. by 27.8%, selling 230,380 shares to hold 598,100 shares, valued at approximately $6.12 million.
• Several other institutional investors have increased their positions in NU stock, contributing to an overall recovery in institutional ownership, which stands at 84.02%.
• Nu Holdings reported $0.14 earnings per share for the latest quarter, exceeding estimates, despite a revenue of $3.70 billion, below predictions of $3.78 billion.

Intech Investment Management LLC reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 598,100 shares of the company's stock after selling 230,380 shares during the period. Intech Investment Management LLC's holdings in NU were worth $6,125,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of NU by 2,069.9% in the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after acquiring an additional 68,865 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in NU during the 1st quarter worth $113,000. Cetera Investment Advisers increased its holdings in NU by 6.0% during the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after purchasing an additional 10,955 shares during the period. SG Americas Securities LLC increased its holdings in NU by 212.1% during the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after purchasing an additional 56,682 shares during the period. Finally, Unison Asset Management LLC raised its position in NU by 3.1% in the 1st 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 in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Up 0.5%

NU stock traded up $0.08 during midday trading on Friday, reaching $15.70. 31,770,265 shares of the company were exchanged, compared to its average volume of 51,247,240. The company has a market cap of $75.65 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 0.82 and a beta of 1.07. 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 1-year low of $9.01 and a 1-year high of $16.15. The stock's 50-day simple moving average is $13.50 and its 200 day simple moving average is $12.38.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Santander raised NU to a "neutral" rating in a research report on Monday, August 25th. UBS Group boosted their price target on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. increased their price objective on shares of NU from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Susquehanna lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. Finally, Bank of America boosted their target price on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.06.

NU 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.