DNB Asset Management AS Decreases Stake in Nu Holdings Ltd. $NU

DNB Asset Management AS reduced its holdings in Nu Holdings Ltd. (NYSE:NUFree Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,767,567 shares of the company’s stock after selling 64,568 shares during the period. DNB Asset Management AS’s holdings in NU were worth $46,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Lone Pine Capital LLC purchased a new position in shares of NU during the 3rd quarter worth $406,757,000. Jennison Associates LLC raised its holdings in shares of NU by 82.6% during the 4th quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after acquiring an additional 17,809,644 shares during the period. Marshall Wace LLP raised its holdings in shares of NU by 98.4% during the 3rd quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock worth $466,555,000 after acquiring an additional 14,449,834 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in NU by 276.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company’s stock worth $294,842,000 after purchasing an additional 13,529,278 shares during the period. Finally, William Blair Investment Management LLC raised its stake in NU by 182.9% during the third quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company’s stock worth $311,385,000 after purchasing an additional 12,574,893 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Key Stories Impacting NU

Here are the key news stories impacting NU this week:

Analysts Set New Price Targets

A number of equities analysts have commented on NU shares. Susquehanna lifted their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. UBS Group raised shares of NU from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.20 to $17.60 in a research note on Thursday, March 19th. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.46.

Check Out Our Latest Stock Report on NU

Insider Activity

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

NU Price Performance

Shares of NU stock opened at $12.26 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50-day moving average is $14.31 and its two-hundred day moving average is $15.89. Nu Holdings Ltd. has a 12 month low of $11.71 and a 12 month high of $18.98. The company has a market capitalization of $59.53 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 0.52 and a beta of 1.01.

NU (NYSE:NUGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 32.46%. Analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

NU Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NU (NYSE:NU)

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