Constellation Investimentos e Participacoes Ltda Sells 61,168 Shares of Nu Holdings Ltd. $NU

Constellation Investimentos e Participacoes Ltda trimmed its holdings in Nu Holdings Ltd. (NYSE:NU) by 4.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,324,373 shares of the company’s stock after selling 61,168 shares during the quarter. NU comprises 45.4% of Constellation Investimentos e Participacoes Ltda’s investment portfolio, making the stock its 2nd largest holding. Constellation Investimentos e Participacoes Ltda’s holdings in NU were worth $21,203,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NU. Focus Partners Advisor Solutions LLC raised its stake in NU by 5.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock valued at $164,000 after acquiring an additional 838 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of NU by 6.3% in the 2nd quarter. Rothschild Investment LLC now owns 17,671 shares of the company’s stock valued at $242,000 after purchasing an additional 1,046 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of NU by 1.4% in the second quarter. Frank Rimerman Advisors LLC now owns 76,238 shares of the company’s stock valued at $1,046,000 after purchasing an additional 1,063 shares during the period. Dakota Wealth Management raised its stake in shares of NU by 3.9% during the second quarter. Dakota Wealth Management now owns 31,314 shares of the company’s stock worth $430,000 after purchasing an additional 1,180 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in shares of NU by 3.3% during the third quarter. Wedmont Private Capital now owns 37,436 shares of the company’s stock worth $566,000 after purchasing an additional 1,181 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Susquehanna boosted their price target on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. KeyCorp increased their price target on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price objective on shares of NU in a report on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.04.

NU Stock Up 1.6%

NU stock opened at $17.01 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $16.44 and its 200 day moving average price is $14.92. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $17.84. The company has a market cap of $81.95 billion, a P/E ratio of 33.35, a P/E/G ratio of 0.57 and a beta of 1.08.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.