AlpInvest Partners B.V. Sells 717,426 Shares of Nu Holdings Ltd. (NYSE:NU)

AlpInvest Partners B.V. lowered its position in Nu Holdings Ltd. (NYSE:NU) by 23.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,334,265 shares of the company’s stock after selling 717,426 shares during the quarter. NU makes up about 10.8% of AlpInvest Partners B.V.’s holdings, making the stock its 4th biggest holding. AlpInvest Partners B.V.’s holdings in NU were worth $30,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in shares of NU by 15.7% during the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after acquiring an additional 27,420,994 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in NU by 9.7% in the second quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock valued at $2,397,064,000 after purchasing an additional 16,512,911 shares in the last quarter. WCM Investment Management LLC increased its stake in NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after purchasing an additional 92,015,719 shares during the last quarter. Jennison Associates LLC raised its holdings in NU by 32.4% during the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after purchasing an additional 21,342,814 shares in the last quarter. Finally, Sands Capital Management LLC lifted its position in shares of NU by 92.7% during the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after buying an additional 40,992,413 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Price Performance

Shares of NYSE NU opened at $14.74 on Monday. The stock has a fifty day moving average price of $13.32 and a 200 day moving average price of $12.27. Nu Holdings Ltd. has a 1-year low of $6.77 and a 1-year high of $15.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market cap of $70.25 billion, a PE ratio of 56.69, a P/E/G ratio of 0.68 and a beta of 1.17.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter last year, the business earned $0.05 EPS. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on NU shares. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research note on Friday, August 2nd. The Goldman Sachs Group lifted their target price on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Susquehanna reissued a “positive” rating and issued a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Jefferies Financial Group lifted their price target on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, Bank of America increased their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.08.

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.