Nu Holdings Ltd. (NYSE:NU) Stake Decreased by Emerald Advisers LLC

Emerald Advisers LLC lessened its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 49.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,759 shares of the company's stock after selling 31,772 shares during the period. Emerald Advisers LLC's holdings in NU were worth $335,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Ballentine Partners LLC acquired a new position in NU in the first quarter valued at approximately $137,000. Xponance Inc. grew its stake in shares of NU by 6.3% in the 1st quarter. Xponance Inc. now owns 453,262 shares of the company's stock valued at $4,641,000 after purchasing an additional 26,872 shares during the last quarter. Country Club Bank purchased a new stake in shares of NU during the first quarter worth approximately $1,599,000. Cerity Partners LLC grew its position in NU by 4.4% in the 1st quarter. Cerity Partners LLC now owns 606,802 shares of the company's stock valued at $6,214,000 after buying an additional 25,466 shares during the last quarter. Finally, Leavell Investment Management Inc. acquired a new position in NU in the 1st quarter valued at $254,000. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NU. Susquehanna increased their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. lifted their price target on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Barclays increased their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

NU Trading Up 1.9%

Shares of NU stock traded up $0.24 during mid-day trading on Monday, hitting $13.07. 92,238,921 shares of the company's stock were exchanged, compared to its average volume of 57,264,293. The stock has a market cap of $62.98 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 0.73 and a beta of 1.07. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The stock has a 50-day simple moving average of $12.66 and a two-hundred day simple moving average of $11.93.

NU (NYSE:NU - Get Free Report) last posted its quarterly 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 firm had revenue of $3.25 billion for 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 period last year, the firm posted $0.09 EPS. Equities analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company 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.