Jump Financial LLC lowered its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 89.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,895 shares of the company's stock after selling 240,912 shares during the period. Jump Financial LLC's holdings in NU were worth $296,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SVB Wealth LLC increased its holdings in shares of NU by 0.8% in the first quarter. SVB Wealth LLC now owns 178,707 shares of the company's stock valued at $1,830,000 after purchasing an additional 1,358 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of NU by 51.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,725 shares of the company's stock valued at $90,000 after purchasing an additional 2,949 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of NU by 28.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 16,939 shares of the company's stock valued at $173,000 after purchasing an additional 3,788 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of NU by 52.5% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,754,400 shares of the company's stock valued at $17,965,000 after purchasing an additional 604,200 shares in the last quarter. Finally, Circle Wealth Management LLC increased its holdings in shares of NU by 28.6% in the first quarter. Circle Wealth Management LLC now owns 141,088 shares of the company's stock valued at $1,445,000 after purchasing an additional 31,346 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
Wall Street Analysts Forecast Growth
NU has been the subject of a number of research reports. Susquehanna raised their price target on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a report on Wednesday, August 27th. Santander raised shares of NU to a "neutral" rating in a report on Monday, August 25th. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Monday, August 18th. Citigroup raised shares of NU from a "sell" rating to a "buy" rating and lifted their target price for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.06.
Check Out Our Latest Research Report on NU
NU Trading Down 0.8%
Shares of NYSE NU traded down $0.12 during midday trading on Friday, reaching $14.75. 49,800,685 shares of the stock were exchanged, compared to its average volume of 54,683,128. The business has a 50-day simple moving average of $13.31 and a two-hundred day simple moving average of $12.23. The company has a market capitalization of $71.06 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 0.77 and a beta of 1.07. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.
NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period last year, the firm posted $0.12 earnings per share. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current 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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