Nu Holdings Ltd. $NU Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 83.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 232,019 shares of the company’s stock after selling 1,208,775 shares during the quarter. Penserra Capital Management LLC’s holdings in NU were worth $3,182,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baillie Gifford & Co. raised its stake in shares of NU by 17.9% during the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares during the period. Nuveen LLC acquired a new stake in NU during the 1st quarter valued at $221,317,000. Orbis Allan Gray Ltd purchased a new stake in NU during the 1st quarter worth $150,763,000. Jennison Associates LLC lifted its holdings in NU by 38.1% in the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after buying an additional 11,567,865 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. lifted its holdings in NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock worth $333,575,000 after buying an additional 11,465,700 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Bank of America raised their price objective on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price objective on the stock in a report on Monday, August 25th. JPMorgan Chase & Co. increased their target price on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Finally, Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research report on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.10.

NU Trading Down 0.6%

Shares of NYSE NU opened at $15.85 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $15.56 and its two-hundred day moving average price is $13.75. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.50. The stock has a market capitalization of $76.38 billion, a P/E ratio of 34.46, a PEG ratio of 0.82 and a beta of 1.08.

NU (NYSE:NU) last issued its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter last year, the firm earned $0.12 EPS. On average, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.