Nu Holdings Ltd. (NYSE:NU) Stake Lessened by Carlyle Group Inc.

Carlyle Group Inc. decreased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 23.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 55,417 shares of the company’s stock after selling 16,924 shares during the quarter. NU accounts for 0.1% of Carlyle Group Inc.’s investment portfolio, making the stock its 24th biggest holding. Carlyle Group Inc.’s holdings in NU were worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. ORG Partners LLC bought a new stake in NU during the second quarter worth approximately $54,000. Opal Wealth Advisors LLC acquired a new position in NU in the second quarter worth approximately $88,000. LRI Investments LLC bought a new position in shares of NU in the first quarter valued at $91,000. Finally, ProVise Management Group LLC lifted its position in shares of NU by 13.5% during the 4th quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock valued at $96,000 after acquiring an additional 1,380 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU opened at $14.74 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a 12 month low of $6.77 and a 12 month high of $15.10. The company’s fifty day moving average is $13.32 and its 200-day moving average is $12.27. The firm has a market cap of $70.25 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Equities analysts expect that Nu Holdings Ltd. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group boosted their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Barclays lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.08.

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.