Robeco Institutional Asset Management B.V. Trims Stock Position in Nu Holdings Ltd. (NYSE:NU)

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 15.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,865,477 shares of the company’s stock after selling 3,179,494 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.37% of NU worth $182,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Perigon Wealth Management LLC lifted its stake in shares of NU by 8.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company’s stock worth $150,000 after acquiring an additional 1,136 shares during the period. Bessemer Group Inc. lifted its position in NU by 2.2% in the first quarter. Bessemer Group Inc. now owns 144,919 shares of the company’s stock valued at $1,484,000 after purchasing an additional 3,059 shares during the period. Moran Wealth Management LLC lifted its position in NU by 7.5% in the first quarter. Moran Wealth Management LLC now owns 793,848 shares of the company’s stock valued at $8,129,000 after purchasing an additional 55,121 shares during the period. Unison Asset Management LLC increased its position in NU by 3.1% during the 1st quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company’s stock worth $12,798,000 after purchasing an additional 37,888 shares during the period. Finally, Harbour Capital Advisors LLC increased its position in NU by 29.7% during the 1st quarter. Harbour Capital Advisors LLC now owns 95,070 shares of the company’s stock worth $976,000 after purchasing an additional 21,745 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Down 1.5%

NYSE:NU opened at $13.23 on Thursday. The company has a market capitalization of $63.75 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The stock has a fifty day simple moving average of $12.25 and a 200-day simple moving average of $11.73. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Barclays lifted their price target on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Susquehanna boosted their target price on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and cut their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of NU in a research note on Friday, June 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.13.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.