Nu Holdings Ltd. $NU Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,325,593 shares of the company’s stock after selling 219,517 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.26% of NU worth $197,333,000 at the end of the most recent reporting period.

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

NU Stock Up 5.4%

Shares of NYSE:NU opened at $17.94 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $86.42 billion, a P/E ratio of 35.17, a P/E/G ratio of 0.57 and a beta of 1.08. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.14. The stock’s fifty day simple moving average is $16.47 and its 200-day simple moving average is $14.98.

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

Analyst Ratings Changes

Several research firms recently weighed in on NU. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Susquehanna raised their price target on NU from $17.00 to $19.00 and gave the company a “positive” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. lifted their price target on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. UBS Group increased their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, KeyCorp raised their target price on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.04.

About NU

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.