Nu Holdings Ltd. $NU Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in Nu Holdings Ltd. by 29.8%, selling over 5.3 million shares during the second quarter.
• Multiple analysts have upgraded Nu Holdings, with Citigroup raising its price target from $9.00 to $18.00 and the stock currently holding a consensus rating of "Moderate Buy".
• Nu Holdings reported earnings of $0.14 EPS for the last quarter, surpassing estimates, though revenue of $3.70 billion was below expectations of $3.78 billion.

Robeco Institutional Asset Management B.V. lessened its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 29.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,545,110 shares of the company's stock after selling 5,320,367 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.26% of NU worth $172,119,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ninety One UK Ltd raised its stake in shares of NU by 33.0% in the second quarter. Ninety One UK Ltd now owns 1,023,447 shares of the company's stock valued at $14,042,000 after acquiring an additional 254,206 shares in the last quarter. LBP AM SA raised its position in NU by 241.2% in the 2nd quarter. LBP AM SA now owns 824,623 shares of the company's stock valued at $11,314,000 after purchasing an additional 582,919 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of NU by 62.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 124,801 shares of the company's stock valued at $1,712,000 after buying an additional 47,910 shares during the period. GC Wealth Management RIA LLC acquired a new position in shares of NU during the second quarter worth about $1,100,000. Finally, Signaturefd LLC increased its stake in shares of NU by 39.4% during the second quarter. Signaturefd LLC now owns 15,541 shares of the company's stock worth $213,000 after buying an additional 4,392 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

NU has been the subject of a number of recent research reports. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and lifted their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Bank of America lifted their price objective on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target for the company in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. upped their price objective on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NU has a consensus rating of "Moderate Buy" and a consensus price target of $17.06.

NU Stock Performance

Shares of NU stock opened at $15.19 on Thursday. The stock's 50-day moving average is $14.19 and its two-hundred day moving average is $12.82. 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 $16.42. The firm has a market cap of $73.21 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 0.83 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations 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 earned $0.12 EPS. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Company 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.

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