NewEdge Advisors LLC cut its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,640 shares of the company's stock after selling 24,390 shares during the period. NewEdge Advisors LLC's holdings in NU were worth $1,573,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in NU. Baird Financial Group Inc. acquired a new stake in shares of NU during the fourth quarter worth $111,000. Balyasny Asset Management L.P. acquired a new stake in shares of NU during the fourth quarter worth $387,000. Cetera Investment Advisers lifted its holdings in NU by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after acquiring an additional 10,955 shares in the last quarter. Ensign Peak Advisors Inc bought a new position in NU during the fourth quarter worth about $2,852,000. Finally, Nuveen Asset Management LLC lifted its holdings in NU by 6.2% during the fourth quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock worth $252,557,000 after acquiring an additional 1,417,910 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Citigroup upgraded 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. Santander upgraded NU to a "neutral" rating in a report on Monday, August 25th. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 target price on the stock in a report on Monday, August 25th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, Itau BBA Securities upgraded NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a report on Monday, August 18th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, NU has an average rating of "Moderate Buy" and an average target price of $17.06.
Read Our Latest Stock Report on NU
NU Stock Performance
Shares of NU stock opened at $15.70 on Friday. The firm has a market cap of $75.65 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 0.81 and a beta of 1.07. The stock's 50-day moving average is $13.50 and its 200-day moving average is $12.36. Nu Holdings Ltd. has a one year low of $9.01 and a one year 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 issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period in the previous year, the company posted $0.12 earnings per share. Equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
NU Company Profile
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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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