Investment House LLC Sells 40,897 Shares of Nu Holdings Ltd. $NU

Investment House LLC decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,556,819 shares of the company’s stock after selling 40,897 shares during the quarter. NU accounts for about 1.9% of Investment House LLC’s investment portfolio, making the stock its 10th biggest position. Investment House LLC’s holdings in NU were worth $40,935,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. State Street Corp grew its position in NU by 2.4% during the second quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after buying an additional 2,158,037 shares in the last quarter. Sands Capital Management LLC lifted its position in shares of NU by 5.9% in the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after acquiring an additional 3,060,463 shares during the period. Norges Bank bought a new stake in shares of NU in the 2nd quarter worth approximately $626,569,000. Jennison Associates LLC grew its holdings in shares of NU by 38.1% during the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after purchasing an additional 11,567,865 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of NU by 0.7% during the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock valued at $394,389,000 after purchasing an additional 194,423 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NU. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Susquehanna lifted their target price on shares of NU from $17.00 to $19.00 and gave the company a “positive” rating in a research report on Friday, November 14th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NU has a consensus rating of “Moderate Buy” and an average price target of $18.04.

NU Stock Up 0.2%

Shares of NYSE:NU opened at $18.03 on Friday. The company’s fifty day moving average is $16.81 and its 200-day moving average is $15.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.37. The company has a market capitalization of $86.89 billion, a PE ratio of 35.36, a P/E/G ratio of 0.59 and a beta of 1.08.

NU (NYSE:NU) last announced its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.