Nu Holdings Ltd. (NYSE:NU) is Milestones Administradora de Recursos Ltda.’s 3rd Largest Position

Milestones Administradora de Recursos Ltda. lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 10.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,037,500 shares of the company’s stock after selling 241,000 shares during the period. NU accounts for approximately 11.1% of Milestones Administradora de Recursos Ltda.’s portfolio, making the stock its 3rd largest holding. Milestones Administradora de Recursos Ltda.’s holdings in NU were worth $27,812,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Capital Research Global Investors raised its position in NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after purchasing an additional 27,420,994 shares in the last quarter. Baillie Gifford & Co. boosted its stake in NU by 9.7% in the second quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock worth $2,397,064,000 after buying an additional 16,512,911 shares in the last quarter. Jennison Associates LLC grew its position in NU by 32.4% during the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock valued at $1,039,770,000 after acquiring an additional 21,342,814 shares during the last quarter. Whale Rock Capital Management LLC raised its stake in shares of NU by 0.8% during the first quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock worth $298,308,000 after acquiring an additional 204,305 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of NU by 23.0% in the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after acquiring an additional 3,544,124 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Susquehanna reissued a “positive” rating and issued a $16.00 price target on shares of NU in a research note on Thursday, August 15th. Barclays lifted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Bank of America increased their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. UBS Group lowered shares of 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. 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 report on Monday, August 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.21.

NU Trading Down 2.6 %

Shares of NYSE NU traded down $0.40 during midday trading on Wednesday, hitting $15.26. 6,050,968 shares of the company traded hands, compared to its average volume of 32,002,283. The firm has a market cap of $72.73 billion, a P/E ratio of 49.58, a P/E/G ratio of 0.68 and a beta of 1.15. The stock has a 50-day moving average price of $14.31 and a 200 day moving average price of $12.85. Nu Holdings Ltd. has a 12-month low of $7.74 and a 12-month high of $15.98. 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 (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business earned $0.05 EPS. As a group, analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

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.