Investmentaktiengesellschaft Fuer Langfristige Investoren TGV Sells 15,000 Shares of Nu Holdings Ltd. (NYSE:NU)

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 12.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,000 shares of the company’s stock after selling 15,000 shares during the quarter. NU makes up about 0.1% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings, making the stock its 18th biggest holding. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in NU were worth $828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in NU in the 1st quarter worth $27,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in NU in the 4th quarter worth $38,000. Newbridge Financial Services Group Inc. raised its holdings in NU by 166.7% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 8,000 shares of the company’s stock worth $38,000 after purchasing an additional 5,000 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in NU in the 1st quarter worth $48,000. Finally, Prudential Financial Inc. bought a new position in NU in the 1st quarter worth $48,000. 53.73% of the stock is currently owned by institutional investors.

NU Stock Performance

NU stock opened at $7.36 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50-day moving average price of $7.53 and a 200 day moving average price of $6.44. The company has a market capitalization of $34.55 billion, a P/E ratio of 368.18 and a beta of 1.21. Nu Holdings Ltd. has a 1-year low of $3.39 and a 1-year high of $8.29.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 15th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. NU had a return on equity of 11.40% and a net margin of 1.23%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.75 billion. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NU shares. UBS Group upped their target price on shares of NU from $8.50 to $9.30 and gave the stock a “buy” rating in a research report on Monday, August 21st. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Monday, September 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.11.

About NU

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.