Nu Holdings Ltd. (NYSE:NU) Shares Sold by AlpInvest Partners B.V.

AlpInvest Partners B.V. cut its stake in shares of Nu Holdings Ltd. (NYSE:NU) 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.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $2.85 billion during 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 in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.4 earnings per share for the current year.

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.