Renaissance Capital LLC Has $14.35 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Renaissance Capital LLC lessened its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 29.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,050,903 shares of the company's stock after selling 431,149 shares during the quarter. NU makes up about 9.4% of Renaissance Capital LLC's holdings, making the stock its 3rd largest position. Renaissance Capital LLC's holdings in NU were worth $14,345,000 at the end of the most recent quarter.

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Other large investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its stake in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock valued at $26,000 after acquiring an additional 1,422 shares in the last quarter. GAMMA Investing LLC boosted its stake in NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after acquiring an additional 815 shares in the last quarter. ORG Partners LLC acquired a new position in NU in the second quarter valued at $54,000. Opal Wealth Advisors LLC acquired a new stake in shares of NU during the second quarter worth about $88,000. Finally, LRI Investments LLC acquired a new stake in shares of NU during the first quarter worth about $91,000. Hedge funds and other institutional investors own 80.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NU. JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Susquehanna reiterated a "positive" rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. The Goldman Sachs Group increased their target price on shares of NU from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, July 11th. Bank of America increased their target price on shares of NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Finally, Barclays increased their target price on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $14.74.

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NU Stock Down 0.4 %

Shares of NYSE:NU traded down $0.06 during midday trading on Wednesday, hitting $14.12. 18,502,663 shares of the company's stock traded hands, compared to its average volume of 32,672,664. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market cap of $67.30 billion, a PE ratio of 54.31, a P/E/G ratio of 0.61 and a beta of 1.15. The firm's fifty day moving average price is $14.03 and its two-hundred day moving average price is $12.65. Nu Holdings Ltd. has a twelve month low of $7.69 and a twelve month high of $15.16.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating 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 business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the business posted $0.05 EPS. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

NU Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NU (NYSE:NU)

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