AlpInvest Partners B.V. cut its stake in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 23.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,334,265 shares of the company’s stock after selling 717,426 shares during the quarter. NU comprises about 10.8% of AlpInvest Partners B.V.’s investment portfolio, making the stock its 4th largest position. AlpInvest Partners B.V.’s holdings in NU were worth $30,089,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in NU. Bleakley Financial Group LLC acquired a new position in NU during the first quarter worth $152,000. Wasatch Advisors LP boosted its position in shares of NU by 19.4% in the 4th quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock worth $199,497,000 after buying an additional 3,886,442 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new stake in NU in the 1st quarter valued at about $1,958,000. Vaughan Nelson Investment Management L.P. increased its holdings in NU by 499.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock valued at $5,326,000 after acquiring an additional 344,295 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in NU during the first quarter worth about $597,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.
NU Trading Up 1.6 %
NYSE NU opened at $14.74 on Monday. The company has a market cap of $70.25 billion, a P/E ratio of 56.69, a P/E/G ratio of 0.68 and a beta of 1.17. Nu Holdings Ltd. has a 12 month low of $6.77 and a 12 month high of $15.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The company has a 50-day moving average of $13.32 and a 200-day moving average of $12.27.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on NU. JPMorgan Chase & Co. raised 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. Susquehanna reissued a “positive” rating and set a $16.00 price target on shares of NU in a research report on Thursday, August 15th. Barclays upped their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. The Goldman Sachs Group lifted their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Bank of America upped their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average price target of $14.08.
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.
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