Nu Holdings Ltd. (NYSE:NU) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board cut its position in shares of Nu Holdings Ltd. (NYSE:NU) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,771,590 shares of the company’s stock after selling 431,800 shares during the quarter. Canada Pension Plan Investment Board owned 0.14% of NU worth $87,286,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC lifted its holdings in shares of NU by 13.0% in the second quarter. Intech Investment Management LLC now owns 109,040 shares of the company’s stock valued at $1,406,000 after purchasing an additional 12,527 shares in the last quarter. MRP Capital Investments LLC grew its holdings in NU by 197.3% during the 2nd quarter. MRP Capital Investments LLC now owns 54,700 shares of the company’s stock valued at $705,000 after buying an additional 36,300 shares during the last quarter. Blair William & Co. IL purchased a new position in NU during the second quarter worth $339,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of NU by 16.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,481 shares of the company’s stock worth $444,000 after acquiring an additional 4,956 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of NU by 45.5% in the second quarter. Amalgamated Bank now owns 215,062 shares of the company’s stock valued at $2,772,000 after acquiring an additional 67,216 shares in the last quarter. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 1.1 %

Shares of NYSE:NU opened at $14.63 on Friday. The stock has a 50-day simple moving average of $13.47 and a 200-day simple moving average of $12.36. The stock has a market capitalization of $69.73 billion, a P/E ratio of 56.23, a PEG ratio of 0.68 and a beta of 1.17. Nu Holdings Ltd. has a 1 year low of $6.77 and a 1 year high of $15.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49.

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

Wall Street Analysts Forecast Growth

NU has been the topic of a number of recent research reports. Susquehanna restated a “positive” rating and issued a $16.00 target price on shares of NU in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their price target on NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. Barclays increased their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Bank of America upped their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.08.

NU 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.