Absoluto Partners Gestao de Recursos Ltda Has $45.36 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Absoluto Partners Gestao de Recursos Ltda cut its holdings in Nu Holdings Ltd. (NYSE:NU) by 42.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,739,606 shares of the company’s stock after selling 2,806,040 shares during the quarter. NU comprises 27.8% of Absoluto Partners Gestao de Recursos Ltda’s portfolio, making the stock its 2nd largest position. Absoluto Partners Gestao de Recursos Ltda owned approximately 0.08% of NU worth $45,361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Research Global Investors raised its position in shares of NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares during the period. Baillie Gifford & Co. raised its holdings in NU by 9.7% in the second quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock worth $2,397,064,000 after purchasing an additional 16,512,911 shares during the period. WCM Investment Management LLC raised its holdings in NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after purchasing an additional 92,015,719 shares during the period. Jennison Associates LLC boosted its position in shares of NU by 32.4% during the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after purchasing an additional 21,342,814 shares in the last quarter. Finally, Sands Capital Management LLC grew its holdings in shares of NU by 92.7% in the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after buying an additional 40,992,413 shares during the period. Institutional investors own 80.90% of the company’s stock.

NU Stock Up 0.8 %

NU opened at $14.81 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $13.54 and its 200 day simple moving average is $12.45. Nu Holdings Ltd. has a 1-year low of $6.77 and a 1-year high of $15.16. The stock has a market cap of $70.58 billion, a PE ratio of 56.96, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17.

NU (NYSE:NU) last announced its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the previous year, the firm posted $0.05 EPS. As a group, research analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NU. Bank of America raised their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. The Goldman Sachs Group raised their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Barclays upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Susquehanna reissued a “positive” rating and set a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. Finally, UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.08.

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.