Nu Holdings Ltd. $NU Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 28.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,250,682 shares of the company’s stock after purchasing an additional 3,415,141 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in NU were worth $193,074,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC grew its holdings in shares of NU by 6.4% during the third quarter. Diversify Advisory Services LLC now owns 61,587 shares of the company’s stock worth $780,000 after buying an additional 3,721 shares in the last quarter. Petredis Investment Advisors LLC raised its position in shares of NU by 3.0% in the third quarter. Petredis Investment Advisors LLC now owns 224,345 shares of the company’s stock valued at $2,840,000 after buying an additional 6,510 shares during the last quarter. MBM Wealth Consultants LLC lifted its stake in shares of NU by 6.6% in the third quarter. MBM Wealth Consultants LLC now owns 68,805 shares of the company’s stock worth $871,000 after buying an additional 4,238 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of NU by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 218,331 shares of the company’s stock worth $2,764,000 after buying an additional 3,509 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in NU by 125.9% during the third quarter. Vontobel Holding Ltd. now owns 533,955 shares of the company’s stock worth $6,760,000 after acquiring an additional 297,538 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares in the company, valued at $15,485,041.26. This trade represents a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Cristina Junqueira sold 65,000 shares of NU stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the sale, the chief executive officer directly owned 2,542,083 shares of the company’s stock, valued at $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 386,707 shares of company stock worth $6,001,588 over the last 90 days.

NU Stock Performance

Shares of NU stock opened at $15.11 on Wednesday. The firm’s 50 day moving average price is $14.53 and its 200-day moving average price is $13.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The firm has a market cap of $73.34 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.59 and a beta of 0.95.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The firm had revenue of $5.88 billion during the quarter. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

NU has been the subject of several research reports. UBS Group upped their price objective on shares of NU from $18.20 to $20.50 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings lowered shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. boosted their target price on NU from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. Susquehanna boosted their target price on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Finally, Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $20.00 to $18.00 in a report on Wednesday, September 16th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.12.

NU Company Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.