Nu Holdings Ltd. (NYSE:NU) Holdings Decreased by Sands Capital Ventures LLC

Sands Capital Ventures LLC reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 20.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,328,294 shares of the company’s stock after selling 1,827,367 shares during the quarter. NU comprises about 31.6% of Sands Capital Ventures LLC’s portfolio, making the stock its largest holding. Sands Capital Ventures LLC owned about 0.15% of NU worth $94,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NU. 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 worth $1,192,590,000 after purchasing an additional 92,015,719 shares during the last quarter. Baillie Gifford & Co. increased its holdings in NU by 47.6% in the 1st quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock worth $2,021,540,000 after buying an additional 54,681,625 shares during the period. Sands Capital Management LLC raised its position 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 buying an additional 40,992,413 shares during the last quarter. Capital Research Global Investors raised its position in NU by 20.7% during the 4th quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock worth $1,459,403,000 after buying an additional 30,002,685 shares during the last quarter. Finally, Jennison Associates LLC lifted 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 valued at $1,039,770,000 after acquiring an additional 21,342,814 shares during the period. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. Susquehanna reaffirmed a “positive” rating and set a $16.00 target price on shares of NU in a report on Thursday, August 15th. Bank of America raised their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Barclays boosted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.08.

NU Stock Down 1.1 %

Shares of NYSE NU opened at $14.63 on Friday. Nu Holdings Ltd. has a 52-week low of $6.77 and a 52-week high of $15.16. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The company’s 50-day simple moving average is $13.47 and its 200-day simple moving average is $12.36. The firm has a market cap of $69.73 billion, a price-to-earnings ratio of 56.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 net margin of 15.11% and a return on equity of 27.00%. During the same period last year, the firm posted $0.05 earnings per share. Equities analysts predict that Nu Holdings Ltd. will post 0.4 EPS for the current fiscal year.

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.