Jacobs Levy Equity Management Inc. Lowers Position in Nu Holdings Ltd. $NU

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in Nu Holdings Ltd. by 94.8%, selling over 10 million shares, and now holds about 550,262 shares valued at $5.6 million.
• Numerous institutional investors have made notable changes, with GAMMA Investing LLC increasing its stake by 2,069.9% to 72,192 shares worth $7.05 million.
• Nu Holdings reported $0.14 earnings per share in its recent earnings release, exceeding analysts’ expectations of $0.12, with a net margin of 17.90% and a strong return on equity of 29.91%.

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 94.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 550,262 shares of the company's stock after selling 10,037,611 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in NU were worth $5,635,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Banque Transatlantique SA bought a new position in shares of NU during the 1st quarter worth approximately $34,000. Advisors Asset Management Inc. boosted its holdings in shares of NU by 11.4% during the 1st quarter. Advisors Asset Management Inc. now owns 37,295 shares of the company's stock worth $382,000 after buying an additional 3,816 shares in the last quarter. AlTi Global Inc. boosted its holdings in shares of NU by 653.4% during the 1st quarter. AlTi Global Inc. now owns 89,342 shares of the company's stock worth $915,000 after buying an additional 77,484 shares in the last quarter. Amundi boosted its holdings in shares of NU by 3.7% during the 1st quarter. Amundi now owns 8,032,617 shares of the company's stock worth $82,495,000 after buying an additional 284,776 shares in the last quarter. Finally, 12 West Capital Management LP bought a new position in shares of NU during the 1st quarter worth approximately $14,080,000. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Susquehanna increased their target price on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a report on Wednesday, August 27th. Citigroup upgraded NU from a "sell" rating to a "buy" rating and increased their target price for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. UBS Group increased their target price on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Santander upgraded NU to a "neutral" rating in a report on Monday, August 25th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.06.

NU Stock Up 0.5%

NYSE NU traded up $0.08 on Friday, reaching $15.70. The company had a trading volume of 31,770,265 shares, compared to its average volume of 51,247,240. The stock has a market capitalization of $75.65 billion, a P/E ratio of 34.13, a P/E/G ratio of 0.82 and a beta of 1.07. The company's fifty day moving average is $13.50 and its 200 day moving average is $12.38. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. 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 released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates 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 prior year, the firm posted $0.12 EPS. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.