Dynamo Internacional Gestao DE Recursos LTDA. Sells 2,312,690 Shares of Nu Holdings Ltd. (NYSE:NU)

Dynamo Internacional Gestao DE Recursos LTDA. lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,884,247 shares of the company’s stock after selling 2,312,690 shares during the period. NU accounts for about 56.9% of Dynamo Internacional Gestao DE Recursos LTDA.’s investment portfolio, making the stock its biggest holding. Dynamo Internacional Gestao DE Recursos LTDA. owned approximately 0.54% of NU worth $333,648,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NU. Beacon Pointe Advisors LLC acquired a new position in NU during the fourth quarter valued at approximately $199,000. Corient Private Wealth LLC grew its stake in NU by 6.7% in the 4th quarter. Corient Private Wealth LLC now owns 101,604 shares of the company’s stock valued at $846,000 after buying an additional 6,383 shares during the last quarter. Quest Partners LLC bought a new position in NU in the 4th quarter worth $151,000. Franklin Resources Inc. lifted its position in NU by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 4,309,900 shares of the company’s stock worth $35,901,000 after acquiring an additional 10,858 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in NU by 24.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 251,765 shares of the company’s stock valued at $2,097,000 after acquiring an additional 48,979 shares during the period. 80.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NU. JPMorgan Chase & Co. increased their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Bank of America upped their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. Jefferies Financial Group upped their price target on NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. Finally, The Goldman Sachs Group boosted their price objective on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.08.

NU Price Performance

Shares of NU stock opened at $14.69 on Tuesday. The stock’s fifty day simple moving average is $13.52 and its 200 day simple moving average is $12.42. Nu Holdings Ltd. has a one year low of $6.77 and a one year high of $15.16. The firm has a market cap of $70.01 billion, a price-to-earnings ratio of 56.50, a P/E/G ratio of 0.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, analysts expect that Nu Holdings Ltd. will post 0.4 earnings per share for the current fiscal 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.