USS Investment Management Ltd Decreases Position in Nu Holdings Ltd. $NU

Key Points

• USS Investment Management Ltd decreased its holdings in Nu Holdings Ltd. by 11.6%, selling 341,126 shares and now owns 2,601,185 shares valued at approximately $26.65 million.
• Several other institutional investors have increased their stakes in NU, with Baillie Gifford & Co. growing its stake by 17.9% and Price T Rowe Associates Inc. MD by 24.7% during the first quarter.
• NU's latest earnings report showed $0.14 EPS, surpassing estimates, with a revenue of $3.70 billion, compared to the expected $3.78 billion.

USS Investment Management Ltd trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,601,185 shares of the company's stock after selling 341,126 shares during the period. USS Investment Management Ltd owned 0.05% of NU worth $26,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC increased its position in shares of NU by 5.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock valued at $164,000 after acquiring an additional 838 shares during the period. Perigon Wealth Management LLC grew its position in NU by 8.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after purchasing an additional 1,136 shares during the period. Richards Merrill & Peterson Inc. grew its position in NU by 43.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after purchasing an additional 1,250 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after purchasing an additional 1,295 shares during the period. Finally, TFC Financial Management Inc. grew its position in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after purchasing an additional 1,325 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

Shares of NU stock traded up $0.23 during mid-day trading on Tuesday, hitting $15.45. 40,615,479 shares of the stock were exchanged, compared to its average volume of 57,046,848. The firm has a fifty day moving average of $13.37 and a 200 day moving average of $12.28. 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 Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a market cap of $74.45 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.07.

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 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 for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company posted $0.12 EPS. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NU has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday. Susquehanna increased their price target on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. Santander raised NU to a "neutral" rating in a research report on Monday, August 25th. UBS Group increased their price target on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.06.

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.