Nu Holdings Ltd. (NYSE:NU) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 20.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 697,694 shares of the company’s stock after selling 178,442 shares during the period. Lake Street Advisors Group LLC’s holdings in NU were worth $9,524,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. grew its holdings in NU by 47.6% during the 1st quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock worth $2,021,540,000 after acquiring an additional 54,681,625 shares in the last quarter. Capital Research Global Investors grew its holdings in NU by 15.7% during the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after acquiring an additional 27,420,994 shares in the last quarter. Jennison Associates LLC grew its holdings in NU by 32.4% during the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after acquiring an additional 21,342,814 shares in the last quarter. American Century Companies Inc. grew its holdings in NU by 73.1% during the 2nd quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock worth $222,194,000 after acquiring an additional 7,279,458 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in NU by 216.4% during the 1st quarter. 1832 Asset Management L.P. now owns 8,028,600 shares of the company’s stock worth $95,781,000 after acquiring an additional 5,490,800 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NU shares. Susquehanna reaffirmed a “positive” rating and issued a $16.00 price target on shares of NU in a report on Thursday, August 15th. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a report on Friday, August 2nd. Finally, Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.21.

NU Stock Performance

NYSE:NU traded down $0.01 during mid-day trading on Friday, hitting $15.01. The stock had a trading volume of 3,845,372 shares, compared to its average volume of 32,051,904. The stock has a market capitalization of $71.54 billion, a price-to-earnings ratio of 48.42, a P/E/G ratio of 0.66 and a beta of 1.15. The company has a 50 day simple moving average of $14.25 and a 200-day simple moving average of $12.75. Nu Holdings Ltd. has a 52 week low of $7.74 and a 52 week high of $15.16. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating 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 firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm posted $0.05 EPS. On average, research analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share 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.