Nu Holdings Ltd. $NU Stock: Robeco Institutional Asset Management B.V. Raises Holdings

by · The Cerbat Gem

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 28.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,250,682 shares of the company’s stock after buying an additional 3,415,141 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.31% of NU worth $193,074,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NU. Diversify Advisory Services LLC raised its holdings in shares of NU by 6.4% during the third quarter. Diversify Advisory Services LLC now owns 61,587 shares of the company’s stock worth $780,000 after purchasing an additional 3,721 shares during the last quarter. Petredis Investment Advisors LLC lifted its position in NU by 3.0% during the third quarter. Petredis Investment Advisors LLC now owns 224,345 shares of the company’s stock valued at $2,840,000 after purchasing an additional 6,510 shares during the period. MBM Wealth Consultants LLC boosted its holdings in NU by 6.6% in the third quarter. MBM Wealth Consultants LLC now owns 68,805 shares of the company’s stock valued at $871,000 after purchasing an additional 4,238 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in NU by 1.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 218,331 shares of the company’s stock worth $2,764,000 after purchasing an additional 3,509 shares during the period. Finally, Vontobel Holding Ltd. grew its position in NU by 125.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 533,955 shares of the company’s stock worth $6,760,000 after purchasing an additional 297,538 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Up 4.1%

Shares of NU stock opened at $15.11 on Wednesday. The firm has a 50-day simple moving average of $14.53 and a two-hundred day simple moving average of $13.93. The company has a market cap of $73.34 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55.

NU (NYSE:NU – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The firm had revenue of $5.88 billion for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NU shares. Weiss Ratings lowered NU from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. UBS Group upped their target price on NU from $18.20 to $20.50 and gave the stock a “buy” rating in a research note on Tuesday. Rothschild & Co Redburn set a $19.00 target price on NU in a report on Monday, September 28th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $20.00 to $18.00 in a report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. boosted their price target on NU from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.12.

Get Our Latest Analysis on NU

Insider Activity at NU

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total value of $3,505,187.67. Following the completion of the sale, the insider directly owned 979,446 shares in the company, valued at $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Cristina Junqueira sold 25,000 shares of NU stock in a transaction on Monday, October 5th. The shares were sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the sale, the chief executive officer directly owned 4,877,593 shares in the company, valued at $73,212,670.93. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 386,707 shares of company stock worth $6,001,588.

NU Company Profile

(Free Report)

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.

Further Reading

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