Black Swift Group LLC Has $120,000 Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Black Swift Group LLC trimmed its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 94.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,750 shares of the company's stock after selling 208,000 shares during the period. Black Swift Group LLC's holdings in NU were worth $120,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NU. NBC Securities Inc. boosted its holdings in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after purchasing an additional 2,860 shares during the period. TFC Financial Management Inc. lifted its position in NU by 74.1% during 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 in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after purchasing an additional 1,295 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of NU by 128.7% in the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock valued at $44,000 after buying an additional 2,392 shares during the period. Finally, Orion Capital Management LLC acquired a new position in shares of NU during the fourth quarter valued at $50,000. 84.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NU. Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Finally, Barclays upped their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

NU Stock Up 0.4%

Shares of NU stock traded up $0.05 during trading on Wednesday, reaching $12.84. 982,014 shares of the company traded hands, compared to its average volume of 49,976,857. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a 50 day moving average price of $12.75 and a 200-day moving average price of $12.04. The firm has a market capitalization of $61.85 billion, a PE ratio of 29.81, a P/E/G ratio of 0.73 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Profile

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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