Nu Holdings Ltd. $NU Shares Sold by Kontiki Capital Management HK Ltd.

Kontiki Capital Management HK Ltd. trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 1.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 38,130,796 shares of the company’s stock after selling 493,989 shares during the quarter. NU comprises about 32.5% of Kontiki Capital Management HK Ltd.’s portfolio, making the stock its biggest holding. Kontiki Capital Management HK Ltd. owned approximately 0.79% of NU worth $610,474,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Jordan Park Group LLC raised its stake in NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after purchasing an additional 1,104,421 shares in the last quarter. Allworth Financial LP grew its stake in NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after buying an additional 1,601 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after buying an additional 1,464 shares in the last quarter. VSM Wealth Advisory LLC increased its holdings in NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after buying an additional 3,000 shares during the period. Finally, TD Waterhouse Canada Inc. increased its holdings in NU by 694.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock valued at $87,000 after buying an additional 5,552 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU stock opened at $14.25 on Tuesday. The company’s 50 day moving average price is $16.64 and its two-hundred day moving average price is $16.23. The firm has a market capitalization of $68.64 billion, a P/E ratio of 24.56, a P/E/G ratio of 0.54 and a beta of 1.11. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56.

NU (NYSE:NU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the subject of a number of recent analyst reports. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Bank of America reissued a “neutral” rating on shares of NU in a research note on Monday, March 9th. Susquehanna upped their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. Finally, Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.22.

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.