Carlyle Group Inc. Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

Carlyle Group Inc. cut its position in Nu Holdings Ltd. (NYSE:NU) by 23.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,417 shares of the company’s stock after selling 16,924 shares during the quarter. NU accounts for 0.1% of Carlyle Group Inc.’s portfolio, making the stock its 24th largest position. Carlyle Group Inc.’s holdings in NU were worth $714,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. ORG Partners LLC bought a new position in NU during the 2nd quarter valued at $54,000. Opal Wealth Advisors LLC acquired a new position in NU during the 2nd quarter worth $88,000. LRI Investments LLC bought a new stake in shares of NU in the 1st quarter worth about $91,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of NU by 179.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after purchasing an additional 5,672 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 1.6 %

NU stock opened at $14.74 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. Nu Holdings Ltd. has a one year low of $6.77 and a one year high of $15.10. The company has a 50-day simple moving average of $13.32 and a 200-day simple moving average of $12.27. The firm has a market capitalization 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 (NYSE:NU) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on NU. The Goldman Sachs Group lifted their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. UBS Group downgraded 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. Susquehanna restated a “positive” rating and set a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. Jefferies Financial Group boosted their target price on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus price target of $14.08.

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.