WCM Investment Management LLC Lowers Holdings in Nu Holdings Ltd. (NYSE:NU)

WCM Investment Management LLC lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,982,469 shares of the company's stock after selling 1,168,882 shares during the quarter. NU accounts for about 2.0% of WCM Investment Management LLC's holdings, making the stock its 18th biggest holding. WCM Investment Management LLC owned approximately 1.62% of NU worth $796,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of NU. GAMMA Investing LLC raised its holdings in NU by 2,069.9% in the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock valued at $7,050,000 after acquiring an additional 68,865 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in NU in the fourth quarter valued at approximately $441,000. Cetera Investment Advisers raised its holdings in NU by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after purchasing an additional 10,955 shares in the last quarter. SG Americas Securities LLC raised its holdings in NU by 212.1% during the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after purchasing an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC raised its holdings in NU by 3.1% during the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after purchasing an additional 37,888 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NU stock traded up $0.11 during trading on Thursday, reaching $13.60. The company's stock had a trading volume of 27,066,330 shares, compared to its average volume of 47,306,584. The company has a 50-day moving average price of $12.49 and a two-hundred day moving average price of $11.78. The firm has a market cap of $65.53 billion, a PE ratio of 31.62, a P/E/G ratio of 0.78 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 $16.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

NU has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Susquehanna raised their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised their price objective on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. One investment 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's stock. According to data from MarketBeat.com, NU has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

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.