Trexquant Investment LP Sells 961,110 Shares of Nu Holdings Ltd. $NU

Key Points

• Trexquant Investment LP has sold **961,110 shares** of Nu Holdings Ltd., reducing its holdings by **80.9%** to **227,362 shares**, valued at approximately **$2.3 million**.
• Institutional investors now own **84.02%** of Nu Holdings, with NBC Securities Inc. increasing its stake significantly by **286,000.0%** to own **2,861 shares**.
• Analysts have upgraded NU's stock ratings, with a consensus rating of **"Moderate Buy"** and a target price of **$16.96**, following recent earnings reports that exceeded expectations.

Trexquant Investment LP trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 80.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,362 shares of the company's stock after selling 961,110 shares during the period. Trexquant Investment LP's holdings in NU were worth $2,328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NU. NBC Securities Inc. raised its stake in shares of 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 buying an additional 2,860 shares during the last quarter. Capital Analysts LLC bought a new stake in shares of NU during the first quarter worth approximately $31,000. TFC Financial Management Inc. raised its stake in shares of 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 buying an additional 1,325 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. increased its stake in NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after purchasing an additional 1,250 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NU shares. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a research note on Monday, August 18th. Bradesco Corretora raised shares of NU to an "outperform" rating and set a $17.00 target price for the company in a research note on Monday, August 25th. UBS Group upped their target price on shares of NU from $14.30 to $15.60 and gave the company a "neutral" rating in a research note on Tuesday. Santander raised shares of NU to a "neutral" rating in a research note on Monday, August 25th. Finally, Citigroup raised shares of NU from a "sell" rating to a "buy" rating and upped their target price for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.96.

NU Stock Up 0.2%

Shares of NU stock opened at $14.90 on Thursday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The firm has a fifty day moving average of $13.25 and a 200-day moving average of $12.22. The company has a market capitalization of $71.77 billion, a price-to-earnings ratio of 32.38, a P/E/G ratio of 0.78 and a beta of 1.07. 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 announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU 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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