WCM Investment Management LLC Lowers Stock Holdings in Nu Holdings Ltd. $NU

Key Points

• WCM Investment Management LLC has reduced its stake in Nu Holdings Ltd. by 4.1%, now holding approximately 73.8 million shares worth $978 million, which represents about 2.2% of their total holdings.
• Other major investors have increased their positions in Nu Holdings, with Baillie Gifford & Co. raising its holdings by 17.9% to 265 million shares, reflecting strong institutional interest in the company.
• Nu Holdings recently reported earnings of $0.14 per share, exceeding analyst expectations, although revenue of $3.7 billion fell short of the predicted $3.78 billion.

WCM Investment Management LLC trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 73,819,172 shares of the company's stock after selling 3,163,297 shares during the period. NU makes up approximately 2.2% of WCM Investment Management LLC's holdings, making the stock its 19th largest position. WCM Investment Management LLC owned approximately 1.53% of NU worth $978,104,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Baillie Gifford & Co. lifted its holdings in shares of NU by 17.9% during the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of NU by 24.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after purchasing an additional 10,785,851 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its holdings in shares of NU by 54.3% during the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after purchasing an additional 11,465,700 shares during the last quarter. Northern Trust Corp raised its holdings in NU by 9.3% in the 1st quarter. Northern Trust Corp now owns 27,869,591 shares of the company's stock worth $285,385,000 after acquiring an additional 2,373,500 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in NU by 13.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,830,023 shares of the company's stock worth $223,539,000 after acquiring an additional 2,597,714 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE:NU opened at $15.18 on Thursday. The stock has a 50-day simple moving average of $14.75 and a two-hundred day simple moving average of $13.08. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $73.12 billion, a PE ratio of 32.99, a P/E/G ratio of 0.78 and a beta of 1.08.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NU shares. Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a report on Monday, August 18th. UBS Group boosted their price objective on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Susquehanna boosted their target price on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a research note on Wednesday, August 27th. Bank of America boosted their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Finally, Bradesco Corretora upgraded 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. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.06.

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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