Harbour Investments Inc. decreased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 54.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,697 shares of the company's stock after selling 29,508 shares during the period. Harbour Investments Inc.'s holdings in NU were worth $339,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Farther Finance Advisors LLC lifted its position in NU by 128.7% in the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after buying an additional 2,392 shares in the last quarter. GAMMA Investing LLC lifted its position in NU by 111.9% in the 1st quarter. GAMMA Investing LLC now owns 7,050 shares of the company's stock worth $72,000 after buying an additional 3,723 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in NU by 6.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 282,317 shares of the company's stock worth $2,891,000 after buying an additional 17,532 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in NU by 463.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 76,891 shares of the company's stock worth $787,000 after buying an additional 63,241 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in NU in the 1st quarter worth approximately $130,000. Institutional investors and hedge funds own 84.02% of the company's stock.
NU Stock Performance
NYSE:NU opened at $15.41 on Tuesday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.42. The firm's fifty day simple moving average is $14.92 and its 200 day simple moving average is $13.22. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $74.23 billion, a PE ratio of 33.49, a PEG ratio of 0.78 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 analysts' consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the business posted $0.12 EPS. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of NU from $15.60 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday. Susquehanna increased their target price on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. 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. Santander upgraded shares of NU to a "neutral" rating in a report on Monday, August 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of NU from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.10.
Get Our Latest Research Report on NU
NU Profile
(
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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