Nu Holdings Ltd. $NU Shares Sold by Lingohr Asset Management GmbH

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in Nu Holdings Ltd. by 78.2%, selling 359,296 shares, and now owns 100,384 shares worth approximately $1.38 million.
• Nu Holdings reported earnings of $0.14 per share for the most recent quarter, surpassing analysts' expectations of $0.12, although revenue fell short of expectations at $3.70 billion compared to the consensus of $3.78 billion.
• Analysts are generally optimistic about Nu Holdings, with an average rating of "Moderate Buy" and a target price of $17.06, reflecting strong confidence in its growth potential.

Lingohr Asset Management GmbH decreased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 78.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,384 shares of the company's stock after selling 359,296 shares during the quarter. NU comprises about 2.5% of Lingohr Asset Management GmbH's holdings, making the stock its 8th largest position. Lingohr Asset Management GmbH's holdings in NU were worth $1,377,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NU. Baird Financial Group Inc. acquired a new position in NU in the 4th quarter valued at about $111,000. Cetera Investment Advisers raised its stake in NU by 6.0% in the 4th 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 during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in NU by 12.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 248,669 shares of the company's stock valued at $2,569,000 after purchasing an additional 27,394 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in shares of NU during the 4th quarter valued at about $173,000. Finally, Shell Asset Management Co. purchased a new position in shares of NU during the 4th quarter worth about $597,000. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Up 0.5%

NU opened at $15.70 on Monday. The firm has a 50 day moving average price of $13.50 and a 200 day moving average price of $12.38. The company has a market cap of $75.65 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 0.82 and a beta of 1.07. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. 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 earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the company earned $0.12 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NU shares. UBS Group raised their target price on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Santander raised shares of NU to a "neutral" rating in a research report on Monday, August 25th. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Monday, August 18th. Finally, Bradesco Corretora raised shares of NU to an "outperform" rating and set a $17.00 target price on the stock in a research report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, NU currently has an average rating of "Moderate Buy" and an average price target of $17.06.

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.

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