Intech Investment Management LLC Reduces Stock Position in Nu Holdings Ltd. $NU

Intech Investment Management LLC decreased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 78.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,027 shares of the company’s stock after selling 382,330 shares during the quarter. Intech Investment Management LLC’s holdings in NU were worth $1,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. World Investment Advisors acquired a new position in NU during the second quarter worth $176,000. Atlantic Union Bankshares Corp purchased a new position in shares of NU in the second quarter valued at $38,000. Resona Asset Management Co. Ltd. raised its stake in shares of NU by 6.4% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 901,422 shares of the company’s stock worth $12,308,000 after buying an additional 54,409 shares during the last quarter. Savant Capital LLC boosted its position in shares of NU by 259.6% in the 2nd quarter. Savant Capital LLC now owns 82,015 shares of the company’s stock worth $1,125,000 after buying an additional 59,207 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in NU by 13.4% in the 2nd quarter. Metis Global Partners LLC now owns 23,057 shares of the company’s stock valued at $316,000 after acquiring an additional 2,724 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 1.3%

Shares of NU opened at $14.80 on Friday. 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 market capitalization of $71.32 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The stock has a fifty day moving average of $17.00 and a two-hundred day moving average of $16.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58.

NU (NYSE:NU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. As a group, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

NU has been the subject of a number of research reports. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. KeyCorp increased their target price on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. JPMorgan Chase & Co. raised their price target on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.22.

NU Profile

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.