Robeco Institutional Asset Management B.V. Cuts Holdings in Nu Holdings Ltd. (NYSE:NU)

Robeco Institutional Asset Management B.V. cut its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,730,382 shares of the company's stock after selling 1,470,999 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.31% of NU worth $122,704,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank grew its position in NU by 1,232.5% during the third quarter. Huntington National Bank now owns 4,144 shares of the company's stock valued at $30,000 after buying an additional 3,833 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of NU during the 4th quarter valued at $52,000. UMB Bank n.a. purchased a new stake in shares of NU in the 4th quarter worth $55,000. PNC Financial Services Group Inc. raised its holdings in NU by 37.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company's stock worth $60,000 after purchasing an additional 2,258 shares during the period. Finally, ProVise Management Group LLC purchased a new position in NU during the third quarter valued at $74,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

NYSE NU traded down $0.05 on Friday, reaching $11.66. The company had a trading volume of 28,184,717 shares, compared to its average volume of 23,264,204. The firm's 50 day moving average price is $11.54 and its 200 day moving average price is $9.92. Nu Holdings Ltd. has a 12 month low of $6.02 and a 12 month high of $12.49. The stock has a market capitalization of $54.74 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 0.57 and a beta of 1.11. The company has a quick ratio of 0.38, a current ratio of 0.40 and a debt-to-equity ratio of 0.21.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The firm had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.39 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. During the same quarter in the prior year, the firm posted $0.03 earnings per share. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

NU has been the subject of a number of analyst reports. KeyCorp upped their price target on NU from $12.00 to $13.00 and gave the stock an "overweight" rating in a research report on Monday, April 22nd. UBS Group increased their price objective on shares of NU from $10.50 to $11.50 and gave the stock a "buy" rating in a research note on Monday, January 29th. Susquehanna lifted their target price on shares of NU from $12.00 to $14.00 and gave the company a "positive" rating in a research note on Wednesday. Finally, TheStreet raised shares of NU from a "c+" rating to a "b" rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $10.74.

NU Profile

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.