Dragoneer Investment Group LLC Reduces Stock Position in Nu Holdings Ltd. $NU

Dragoneer Investment Group LLC lessened its stake in Nu Holdings Ltd. (NYSE:NU) by 50.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,954,299 shares of the company’s stock after selling 4,954,299 shares during the period. NU makes up approximately 1.8% of Dragoneer Investment Group LLC’s holdings, making the stock its 15th largest position. Dragoneer Investment Group LLC’s holdings in NU were worth $79,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NU. Allworth Financial LP boosted its stake in shares of NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after buying an additional 1,601 shares during the last quarter. VSM Wealth Advisory LLC increased its position in NU by 1,000.0% during the third quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after acquiring an additional 3,000 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares during the period. Activest Wealth Management lifted its holdings in NU by 743.6% in the third quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock valued at $101,000 after acquiring an additional 5,540 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in NU by 694.0% in the second quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock worth $87,000 after purchasing an additional 5,552 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 0.7%

NYSE NU opened at $13.88 on Friday. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $66.86 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. The stock’s 50-day moving average price is $16.71 and its 200-day moving average price is $16.22.

NU (NYSE:NU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. On average, equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Bank of America reissued a “neutral” rating on shares of NU in a report on Monday, March 9th. JPMorgan Chase & Co. upped their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 price target on shares of NU in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.