Envestnet Portfolio Solutions Inc. Sells 52,788 Shares of Nu Holdings Ltd. (NYSE:NU)

Envestnet Portfolio Solutions Inc. cut its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 66.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,940 shares of the company's stock after selling 52,788 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in NU were worth $276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC grew its position in NU by 52.4% in the fourth quarter. Private Advisor Group LLC now owns 79,831 shares of the company's stock valued at $827,000 after purchasing an additional 27,456 shares in the last quarter. Amalgamated Bank raised its stake in NU by 2.5% in the fourth quarter. Amalgamated Bank now owns 216,069 shares of the company's stock valued at $2,238,000 after purchasing an additional 5,279 shares in the last quarter. Nwam LLC lifted its position in NU by 18.8% during the fourth quarter. Nwam LLC now owns 30,175 shares of the company's stock worth $313,000 after purchasing an additional 4,765 shares during the period. Kovack Advisors Inc. bought a new stake in NU during the fourth quarter worth about $111,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of NU by 168.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 59,427 shares of the company's stock worth $616,000 after acquiring an additional 37,264 shares during the period. Institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research analyst reports. Susquehanna raised their price target on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, NU presently has an average rating of "Moderate Buy" and an average target price of $15.13.

NU Stock Down 1.3%

NU stock opened at $13.22 on Monday. The firm has a market capitalization of $63.68 billion, a PE ratio of 30.73, a P/E/G ratio of 0.76 and a beta of 1.04. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The stock's 50 day moving average is $12.35 and its 200-day moving average is $11.75. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the firm posted $0.09 earnings per share. Sell-side 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.

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