Nu Holdings Ltd. (NYSE:NU) Shares Sold by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. has cut its stake in Nu Holdings Ltd. by 43% during the first quarter, selling 916,241 shares and now holding 1,213,983 shares valued at approximately $12.4 million.
• Other hedge funds, including Baillie Gifford & Co. and Northern Trust Corp., have increased their positions in Nu Holdings, reflecting a strong institutional interest with 84.02% of the stock currently owned by institutional investors.
• Analyst ratings for Nu Holdings are mostly positive, with target price increases from several firms, setting a consensus target price of $15.50 and indicating a "Moderate Buy" rating overall.

Federated Hermes Inc. lowered its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 43.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,213,983 shares of the company's stock after selling 916,241 shares during the quarter. Federated Hermes Inc.'s holdings in NU were worth $12,431,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in NU. NBC Securities Inc. lifted 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 in the last quarter. TFC Financial Management Inc. lifted its holdings in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after purchasing an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in NU by 51.4% in the 1st 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. Richards Merrill & Peterson Inc. lifted its holdings in NU by 43.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of NU by 128.7% during the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after acquiring an additional 2,392 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. Susquehanna lifted their price target on 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 stock an "overweight" rating in a report on Monday, June 30th. Finally, Barclays lifted their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a 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 stock. According to MarketBeat, NU currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

NU Trading Up 0.8%

NU traded up $0.10 on Wednesday, hitting $12.25. The company had a trading volume of 24,181,238 shares, compared to its average volume of 57,048,781. The firm has a market cap of $59.00 billion, a P/E ratio of 28.48, a PEG ratio of 0.68 and a beta of 1.05. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The company's fifty day moving average price is $12.72 and its 200 day moving average price is $12.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data 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). The company 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 last year, the firm posted $0.09 earnings per share. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.