Nu Holdings Ltd. $NU Shares Sold by Focus Partners Wealth

Key Points

• Focus Partners Wealth trimmed its Nu Holdings (NU) stake by 27.3% in Q3, selling 1,671,830 shares and leaving it with 4,456,744 shares worth about $71.35 million (≈0.09% of the company).
• Nu beat Q4 expectations with $0.19 EPS vs. $0.18 consensus and $4.86B revenue vs. $4.55B est., shows strong profitability (18.2% net margin, 30.7% ROE), and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $18.22 while trading around $14.25 (52‑week range $9.01–$18.98).

Focus Partners Wealth trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 27.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,456,744 shares of the company's stock after selling 1,671,830 shares during the quarter. Focus Partners Wealth owned approximately 0.09% of NU worth $71,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NU. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of NU by 14.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company's stock worth $219,259,000 after purchasing an additional 1,703,787 shares during the period. Washington University boosted its holdings in shares of NU by 1.5% in the 3rd quarter. Washington University now owns 10,566,927 shares of the company's stock valued at $169,177,000 after buying an additional 158,731 shares during the period. Mawer Investment Management Ltd. bought a new stake in shares of NU during the 3rd quarter valued at about $10,829,000. WCM Investment Management LLC grew its position in shares of NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company's stock valued at $1,187,935,000 after buying an additional 659,526 shares during the last quarter. Finally, Liontrust Investment Partners LLP acquired a new stake in NU during the second quarter worth about $4,490,000. 84.02% of the stock is currently owned by institutional investors.

NU Trading Up 2.6%

NU stock opened at $14.25 on Tuesday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $68.64 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 0.54 and a beta of 1.11. The firm has a 50-day moving average price of $16.64 and a two-hundred day moving average price of $16.23.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NU. Santander raised shares of NU from a "neutral" rating to an "outperform" rating in a report on Thursday, December 4th. Zacks Research upgraded NU from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 9th. The Goldman Sachs Group reissued a "buy" rating and issued a $21.00 price target on shares of NU in a report on Thursday, December 18th. Weiss Ratings upgraded NU from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Finally, Susquehanna increased their target price on NU from $19.00 to $22.00 and gave the stock a "positive" rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, NU presently has a consensus rating of "Moderate Buy" and an average price target of $18.22.

NU Company Profile

Nu Holdings Ltd NYSE: NU, commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.

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