Nu Holdings Ltd. (NYSE:NU) is Redpoint Management LLC’s 2nd Largest Position

Redpoint Management LLC decreased its position in Nu Holdings Ltd. (NYSE:NU) by 50.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,597,818 shares of the company’s stock after selling 10,597,818 shares during the period. NU accounts for about 27.0% of Redpoint Management LLC’s investment portfolio, making the stock its 2nd biggest position. Redpoint Management LLC owned approximately 0.22% of NU worth $144,660,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Baillie Gifford & Co. raised its stake in NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after buying an additional 24,140,416 shares in the last quarter. Jennison Associates LLC raised its stake in NU by 7.1% in the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after buying an additional 6,435,526 shares in the last quarter. FMR LLC raised its stake in NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in NU by 10.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 19,976,979 shares of the company’s stock worth $272,686,000 after buying an additional 1,828,143 shares in the last quarter. Finally, Sei Investments Co. raised its stake in NU by 23.0% in the second quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after buying an additional 3,544,124 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Price Performance

NYSE NU opened at $12.00 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock’s fifty day moving average price is $14.16 and its 200 day moving average price is $13.37. Nu Holdings Ltd. has a 1 year low of $8.06 and a 1 year high of $16.15. The company has a market cap of $57.19 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 0.57 and a beta of 0.99.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NU shares. The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.63.

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.