Carnegie Investment Counsel reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 35.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 962,360 shares of the company's stock after selling 526,600 shares during the quarter. Carnegie Investment Counsel's holdings in NU were worth $13,204,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of NU. Baillie Gifford & Co. boosted its stake in NU by 17.9% during the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after buying an additional 40,181,132 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of NU by 24.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock worth $557,422,000 after purchasing an additional 10,785,851 shares during the period. Kontiki Capital Management HK Ltd. grew its holdings in NU by 54.3% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after purchasing an additional 11,465,700 shares during the last quarter. Northern Trust Corp raised its position in NU by 9.3% in the 1st quarter. Northern Trust Corp now owns 27,869,591 shares of the company's stock worth $285,385,000 after purchasing an additional 2,373,500 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NU by 13.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,830,023 shares of the company's stock worth $223,539,000 after purchasing an additional 2,597,714 shares during the last quarter. 84.02% of the stock is owned by institutional investors.
NU Price Performance
Shares of NU opened at $15.88 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The company has a 50 day moving average price of $15.11 and a 200-day moving average price of $13.29. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.42. The stock has a market capitalization of $76.50 billion, a PE ratio of 34.51, a PEG ratio of 0.79 and a beta of 1.08.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on NU shares. Citigroup upgraded NU from a "sell" rating to a "buy" rating and increased their price target for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NU in a research report on Wednesday, October 8th. Santander upgraded NU to a "neutral" rating in a research report on Monday, August 25th. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price target on the stock in a report on Monday, August 25th. Finally, UBS Group lifted their price objective on shares of NU from $15.60 to $16.00 and gave the company a "neutral" rating in a report on Thursday, October 16th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.10.
View Our Latest Stock Analysis on NU
About NU
(
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.
See Also
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider NU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NU wasn't on the list.
While NU currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
