Northwest & Ethical Investments L.P. lowered its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 22.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,697 shares of the company's stock after selling 51,918 shares during the period. Northwest & Ethical Investments L.P.'s holdings in NU were worth $1,850,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its holdings in NU by 8.4% during the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after buying an additional 1,136 shares during the last quarter. Quarry LP raised its holdings in NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after purchasing an additional 1,205 shares during the period. Richards Merrill & Peterson Inc. boosted its position in shares of NU by 43.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after purchasing an additional 1,250 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 buying an additional 1,295 shares in the last quarter. Finally, TFC Financial Management Inc. raised its stake in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares during the period. Institutional investors own 84.02% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on NU. JPMorgan Chase & Co. raised their price target on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Barclays lifted their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Monday. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, Susquehanna upped their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NU has a consensus rating of "Moderate Buy" and an average target price of $15.78.
Get Our Latest Stock Analysis on NU
NU Stock Up 1.8%
NU stock opened at $13.33 on Tuesday. 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 Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a fifty day simple moving average of $12.79 and a 200 day simple moving average of $12.15. The company has a market cap of $64.23 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05.
NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. NU had a return on equity of 31.42% and a net margin of 17.90%. During the same quarter last year, the company earned $0.12 EPS. Research analysts anticipate 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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