AlTi Global Inc. lowered its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 30.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,782 shares of the company's stock after selling 27,560 shares during the period. AlTi Global Inc.'s holdings in NU were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new stake in shares of NU in the 2nd quarter worth approximately $27,000. ORG Partners LLC grew its stake in shares of NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after buying an additional 1,920 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of NU in the 2nd quarter worth approximately $36,000. Capital Analysts LLC purchased a new stake in shares of NU in the 1st quarter worth approximately $31,000. Finally, TFC Financial Management Inc. grew its stake in shares of NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of NU in a research note on Wednesday, October 8th. UBS Group increased their target price on NU from $15.60 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 target price on the stock in a research note on Monday, August 25th. Itau BBA Securities upgraded NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research note on Monday, August 18th. Finally, Santander upgraded NU to a "neutral" rating in a research note on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, NU presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.10.
Read Our Latest Stock Report on NU
NU Stock Performance
Shares of NU opened at $15.86 on Friday. The business's fifty day simple moving average is $15.17 and its two-hundred day simple moving average is $13.33. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.42. The company has a market cap of $76.40 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 0.83 and a beta of 1.08.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period last year, the business posted $0.12 EPS. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
NU Profile
(
Free Report)
Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.
Further Reading
Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NU - Free Report).
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