Exchange Traded Concepts LLC lessened its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,338 shares of the company's stock after selling 54,066 shares during the quarter. Exchange Traded Concepts LLC's holdings in NU were worth $4,069,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NU. OneAscent Wealth Management LLC raised its position in shares of NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after purchasing an additional 760 shares during the last quarter. Blue Trust Inc. increased its stake in NU by 4.9% during the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after purchasing an additional 1,011 shares in the last quarter. Quarry LP raised its holdings in shares of NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after buying an additional 1,205 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 buying an additional 1,295 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in shares of NU by 1.5% during the first quarter. Yousif Capital Management LLC now owns 92,920 shares of the company's stock valued at $952,000 after buying an additional 1,416 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on NU shares. Barclays raised their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. UBS Group dropped their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday. Susquehanna lifted their price objective 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. Finally, JPMorgan Chase & Co. raised 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.13.
Read Our Latest Stock Report on NU
NU Price Performance
Shares of NYSE:NU traded down $0.04 during trading on Wednesday, reaching $12.07. The stock had a trading volume of 13,108,020 shares, compared to its average volume of 52,721,410. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market cap of $58.14 billion, a PE ratio of 28.06, a PEG ratio of 0.71 and a beta of 1.04. The business has a fifty day moving average price of $12.02 and a 200-day moving average price of $11.70.
NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm earned $0.09 EPS. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
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.
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