AlpInvest Partners B.V. Sells 1,851,403 Shares of Nu Holdings Ltd. (NYSE:NU)

AlpInvest Partners B.V. decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,794,915 shares of the company's stock after selling 1,851,403 shares during the period. NU comprises about 14.8% of AlpInvest Partners B.V.'s investment portfolio, making the stock its 2nd biggest holding. AlpInvest Partners B.V. owned about 0.17% of NU worth $64,932,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NU. Huntington National Bank lifted its holdings in NU by 1,232.5% in the third quarter. Huntington National Bank now owns 4,144 shares of the company's stock worth $30,000 after acquiring an additional 3,833 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in NU by 37.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company's stock worth $48,000 after acquiring an additional 1,641 shares during the last quarter. Prudential Financial Inc. bought a new position in NU in the first quarter worth about $48,000. Evergreen Capital Management LLC bought a new position in NU in the fourth quarter worth about $48,000. Finally, WASHINGTON TRUST Co bought a new position in NU in the third quarter worth about $49,000. Institutional investors own 80.90% of the company's stock.

NU Price Performance

Shares of NYSE NU traded down $0.26 during mid-day trading on Friday, reaching $11.29. 17,482,320 shares of the company traded hands, compared to its average volume of 20,258,666. Nu Holdings Ltd. has a fifty-two week low of $4.42 and a fifty-two week high of $12.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.31. The firm has a market cap of $53.00 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The stock has a fifty day simple moving average of $11.15 and a 200-day simple moving average of $9.30.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same quarter in the prior year, the business earned $0.03 EPS. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NU. TheStreet raised shares of NU from a "c+" rating to a "b" rating in a report on Friday, March 8th. UBS Group raised their price target on shares of NU from $10.50 to $11.50 and gave the company a "buy" rating in a research note on Monday, January 29th. Finally, Susquehanna raised their price target on shares of NU from $11.00 to $12.00 and gave the company a "positive" rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.67.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.