Assenagon Asset Management S.A. trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 45.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,711,779 shares of the company's stock after selling 7,296,904 shares during the period. Assenagon Asset Management S.A. owned 0.18% of NU worth $89,209,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. NBC Securities Inc. increased its position in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after purchasing an additional 2,860 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after purchasing an additional 1,295 shares during the last quarter. Farther Finance Advisors LLC increased its position in NU by 128.7% during the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of NU during the fourth quarter valued at about $50,000. Finally, TD Waterhouse Canada Inc. increased its position in shares of NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after acquiring an additional 3,215 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.13.
Get Our Latest Analysis on NU
NU Trading Down 5.8%
Shares of NU stock traded down $0.74 during trading hours on Thursday, hitting $12.02. 65,976,683 shares of the company were exchanged, compared to its average volume of 44,861,057. The firm has a market cap of $57.92 billion, a PE ratio of 30.05, a PEG ratio of 0.48 and a beta of 1.04. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $11.86 and a 200 day moving average of $11.76.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same period last year, the company posted $0.09 EPS. Analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
NU Company 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.
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