Nu Holdings Ltd. $NU Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd has reduced its stake in Nu Holdings Ltd. by 20%, selling 331,298 shares, leaving it with approximately 1.3 million shares valued at around $18.15 million.
• Nu Holdings reported a quarterly earnings per share (EPS) of $0.14, exceeding analysts' estimates of $0.12, but its revenue of $3.70 billion fell short of expectations of $3.78 billion.
• Research analysts are optimistic about NU, with multiple upgrades and a consensus price target of $17.06, indicating a general sentiment of a Moderate Buy rating.

Perpetual Ltd decreased its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,323,183 shares of the company's stock after selling 331,298 shares during the period. Perpetual Ltd's holdings in NU were worth $18,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NBC Securities Inc. raised its position in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares during the last quarter. Capital Analysts LLC acquired a new position in NU during the first quarter worth about $31,000. TFC Financial Management Inc. raised its position in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after acquiring an additional 1,325 shares during the last quarter. Banque Transatlantique SA acquired a new position in NU during the first quarter worth about $34,000. Finally, WPG Advisers LLC acquired a new position in shares of NU in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Performance

Shares of NYSE:NU traded down $0.01 on Tuesday, reaching $16.30. 17,280,002 shares of the company's stock were exchanged, compared to its average volume of 55,949,473. The firm has a market capitalization of $78.52 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 0.84 and a beta of 1.07. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.42. The business's 50-day moving average is $13.83 and its two-hundred day moving average is $12.60. 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 data on Thursday, August 14th. The company reported $0.14 earnings per share 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 business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter last year, the company earned $0.12 EPS. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the subject of a number of analyst reports. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Santander upgraded shares of NU to a "neutral" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. boosted their price objective on shares of NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Bank of America boosted their price objective 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. Finally, Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.