Lbp Am Sa Reduces Stake in Nu Holdings Ltd. $NU

Lbp Am Sa cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 37.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 515,183 shares of the company’s stock after selling 309,440 shares during the period. Lbp Am Sa’s holdings in NU were worth $8,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Orion Capital Management LLC boosted its holdings in NU by 39.2% in the third quarter. Orion Capital Management LLC now owns 21,300 shares of the company’s stock valued at $341,000 after acquiring an additional 6,000 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of NU by 0.7% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 907,648 shares of the company’s stock valued at $14,524,000 after purchasing an additional 6,226 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of NU by 28.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,521,103 shares of the company’s stock valued at $120,413,000 after buying an additional 1,652,321 shares during the period. Teacher Retirement System of Texas increased its position in shares of NU by 18.5% during the third quarter. Teacher Retirement System of Texas now owns 482,003 shares of the company’s stock valued at $7,717,000 after buying an additional 75,164 shares during the period. Finally, Myriad Asset Management US LP bought a new position in NU in the third quarter worth about $2,053,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on NU shares. UBS Group upped their target price on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Susquehanna increased their price objective on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a report on Friday, November 14th. The Goldman Sachs Group restated a “buy” rating and set a $21.00 target price on shares of NU in a report on Thursday, December 18th. Finally, KeyCorp upped their target price on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus target price of $18.04.

NU Trading Up 0.7%

NYSE NU opened at $18.17 on Tuesday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.37. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $16.86 and its 200-day moving average price is $15.40. The stock has a market cap of $87.56 billion, a P/E ratio of 35.63, a P/E/G ratio of 0.59 and a beta of 1.08.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.96 billion. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.