Robeco Institutional Asset Management B.V. Has $182.94 Million Position in Nu Holdings Ltd. (NYSE:NU)

Robeco Institutional Asset Management B.V. lessened its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 15.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,865,477 shares of the company's stock after selling 3,179,494 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.37% of NU worth $182,942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Perigon Wealth Management LLC grew its position in shares of NU by 8.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after acquiring an additional 1,136 shares during the period. Bessemer Group Inc. grew its position in shares of NU by 2.2% in the 1st quarter. Bessemer Group Inc. now owns 144,919 shares of the company's stock valued at $1,484,000 after acquiring an additional 3,059 shares during the period. Moran Wealth Management LLC lifted its stake in shares of NU by 7.5% during the 1st quarter. Moran Wealth Management LLC now owns 793,848 shares of the company's stock worth $8,129,000 after buying an additional 55,121 shares during the last quarter. Unison Asset Management LLC lifted its stake in shares of NU by 3.1% during the 1st quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after buying an additional 37,888 shares during the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in shares of NU by 29.7% during the 1st quarter. Harbour Capital Advisors LLC now owns 95,070 shares of the company's stock worth $976,000 after buying an additional 21,745 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NU shares. Barclays raised their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Morgan Stanley restated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, Susquehanna raised their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, NU presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.13.

NU Stock Performance

NU stock traded down $0.18 during midday trading on Friday, hitting $13.22. The company's stock had a trading volume of 186,366,995 shares, compared to its average volume of 47,010,189. 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 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The company has a 50-day moving average price of $12.35 and a two-hundred day moving average price of $11.75. The company has a market cap of $63.68 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 0.77 and a beta of 1.04.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm earned $0.09 EPS. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.