William Blair Investment Management LLC Decreases Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

William Blair Investment Management LLC trimmed its position in Nu Holdings Ltd. (NYSE:NU) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,215,131 shares of the company’s stock after selling 116,414 shares during the quarter. William Blair Investment Management LLC’s holdings in NU were worth $67,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares during the period. ORG Partners LLC purchased a new position in shares of NU in the second quarter worth $54,000. Opal Wealth Advisors LLC purchased a new position in shares of NU in the second quarter worth $88,000. LRI Investments LLC purchased a new position in shares of NU in the first quarter worth $91,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in NU by 179.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after acquiring an additional 5,672 shares in the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NU has been the topic of several recent analyst reports. Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Susquehanna reiterated a “positive” rating and issued a $16.00 price target on shares of NU in a report on Thursday, August 15th. Four 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 an average target price of $14.08.

NU Stock Performance

Shares of NU stock opened at $14.74 on Friday. The stock has a market cap of $70.25 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The company’s fifty day moving average price is $13.32 and its 200-day moving average price is $12.26. Nu Holdings Ltd. has a 12 month low of $6.77 and a 12 month high of $15.10. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last announced 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 company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the previous year, the business posted $0.05 EPS. On average, equities analysts expect that Nu Holdings Ltd. will post 0.4 EPS for the current fiscal year.

NU Company Profile

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.