Nu Holdings Ltd. $NU Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 58.5% during the second quarter, Holdings Channel reports. The firm owned 5,156,137 shares of the company’s stock after selling 7,267,524 shares during the quarter. American Century Companies Inc.’s holdings in NU were worth $70,742,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NU. Heron Bay Capital Management acquired a new position in shares of NU during the 2nd quarter worth $336,000. CenterBook Partners LP raised its position in NU by 11.4% during the second quarter. CenterBook Partners LP now owns 237,443 shares of the company’s stock worth $3,258,000 after acquiring an additional 24,306 shares during the last quarter. AXQ Capital LP acquired a new position in NU during the second quarter worth about $272,000. Legal & General Group Plc lifted its holdings in shares of NU by 0.7% in the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock valued at $394,389,000 after purchasing an additional 194,423 shares in the last quarter. Finally, DNB Asset Management AS grew its position in shares of NU by 10.1% in the second quarter. DNB Asset Management AS now owns 1,155,659 shares of the company’s stock valued at $15,856,000 after purchasing an additional 105,674 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NU shares. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Susquehanna raised their price target on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. upped their price objective on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Finally, Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.44.

NU Trading Up 3.8%

NYSE NU opened at $17.25 on Thursday. The company has a market cap of $83.10 billion, a P/E ratio of 33.81, a P/E/G ratio of 0.82 and a beta of 1.08. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $17.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The company has a 50-day moving average of $15.72 and a 200-day moving average of $14.07.

NU (NYSE:NU) last released its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Company Profile

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.