Robeco Institutional Asset Management B.V. Has $272.69 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Robeco Institutional Asset Management B.V. grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 10.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,976,979 shares of the company’s stock after buying an additional 1,828,143 shares during the period. Robeco Institutional Asset Management B.V. owned 0.42% of NU worth $272,686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Research Global Investors grew its stake in NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after buying an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of 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 during the last quarter. American Century Companies Inc. increased its stake in shares of NU by 73.1% during the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock worth $222,194,000 after purchasing an additional 7,279,458 shares during the period. 1832 Asset Management L.P. lifted its holdings in NU by 216.4% during the 1st quarter. 1832 Asset Management L.P. now owns 8,028,600 shares of the company’s stock worth $95,781,000 after purchasing an additional 5,490,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in NU by 222.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 7,202,188 shares of the company’s stock worth $98,310,000 after purchasing an additional 4,969,101 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NU has been the topic of several recent research reports. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their price objective 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 boosted their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.21.

NU Stock Performance

NYSE NU opened at $14.34 on Monday. Nu Holdings Ltd. has a 1 year low of $7.74 and a 1 year high of $15.98. The firm has a market capitalization of $68.34 billion, a price-to-earnings ratio of 46.26, a P/E/G ratio of 0.69 and a beta of 1.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm’s 50 day simple moving average is $14.35 and its 200 day simple moving average is $12.92.

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, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company posted $0.05 EPS. As a group, research analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

NU Company 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.