Nu Holdings Ltd. (NYSE:NU) Shares Sold by Genesis Investment Management LLP

Genesis Investment Management LLP lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 42.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,569,402 shares of the company’s stock after selling 1,874,075 shares during the quarter. NU comprises approximately 6.8% of Genesis Investment Management LLP’s investment portfolio, making the stock its 5th biggest position. Genesis Investment Management LLP’s holdings in NU were worth $35,072,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the last quarter. Stokes Family Office LLC increased its holdings in shares of NU by 10.0% during the first quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock worth $131,000 after buying an additional 1,000 shares in the last quarter. Fortis Capital Management LLC lifted its stake in shares of NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after acquiring an additional 1,072 shares during the last quarter. Americana Partners LLC boosted its holdings in shares of NU by 7.8% during the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Precision Wealth Strategies LLC raised its position in NU by 3.2% in the first quarter. Precision Wealth Strategies LLC now owns 41,497 shares of the company’s stock valued at $495,000 after purchasing an additional 1,303 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. The Goldman Sachs Group increased their price target on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Jefferies Financial Group lifted their price objective on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Bank of America increased their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.74.

NU Stock Down 1.0 %

NU stock traded down $0.13 during mid-day trading on Wednesday, reaching $13.34. 4,950,091 shares of the company traded hands, compared to its average volume of 32,812,637. The stock has a market cap of $63.58 billion, a price-to-earnings ratio of 51.79, a P/E/G ratio of 0.67 and a beta of 1.15. Nu Holdings Ltd. has a fifty-two week low of $7.34 and a fifty-two week high of $15.16. The firm’s 50 day moving average price is $13.71 and its 200 day moving average price is $12.57. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same period last year, the business earned $0.05 EPS. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

NU Company 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.