Nu Holdings Ltd. (NYSE:NU) Shares Sold by BBR Partners LLC

BBR Partners LLC reduced its position in Nu Holdings Ltd. (NYSE:NU) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,332 shares of the company’s stock after selling 2,090 shares during the quarter. NU makes up approximately 0.4% of BBR Partners LLC’s portfolio, making the stock its 25th biggest position. BBR Partners LLC’s holdings in NU were worth $4,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Research Global Investors increased its stake in NU by 15.7% during the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after buying an additional 27,420,994 shares during the period. Baillie Gifford & Co. increased its position in shares of NU by 9.7% during the second quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock worth $2,397,064,000 after acquiring an additional 16,512,911 shares during the period. WCM Investment Management LLC raised its stake in shares of NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after acquiring an additional 92,015,719 shares in the last quarter. Jennison Associates LLC grew its stake in NU by 32.4% during the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after purchasing an additional 21,342,814 shares in the last quarter. Finally, Sands Capital Management LLC grew its stake in NU by 92.7% during the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after purchasing an additional 40,992,413 shares in the last quarter. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE NU opened at $14.35 on Friday. The company has a fifty day moving average of $13.13 and a two-hundred day moving average of $12.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. Nu Holdings Ltd. has a 1 year low of $6.67 and a 1 year high of $15.10. The company has a market capitalization of $68.37 billion, a PE ratio of 55.17, a P/E/G ratio of 0.72 and a beta of 1.13.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter last year, the business posted $0.05 EPS. As a group, analysts expect that Nu Holdings Ltd. will post 0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NU. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a report on Friday, August 2nd. Barclays raised their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. The Goldman Sachs Group boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Susquehanna restated a “positive” rating and issued a $16.00 price target on shares of NU in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.43.

About NU

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.