ThornTree Capital Partners LP trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 38.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,620,248 shares of the company's stock after selling 1,627,712 shares during the quarter. NU makes up 5.9% of ThornTree Capital Partners LP's investment portfolio, making the stock its 9th largest position. ThornTree Capital Partners LP owned approximately 0.05% of NU worth $26,831,000 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 company. Focus Partners Advisor Solutions LLC raised its holdings in shares of NU by 5.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock valued at $164,000 after purchasing an additional 838 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of NU by 8.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after purchasing an additional 1,136 shares in the last quarter. Richards Merrill & Peterson Inc. raised its holdings in shares of 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. MassMutual Private Wealth & Trust FSB raised its holdings 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 purchasing an additional 1,295 shares in the last quarter. Finally, TFC Financial Management Inc. raised its holdings in shares of 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. 84.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a report on Monday, August 18th. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. Santander upgraded shares of NU to a "neutral" rating in a report on Monday, August 25th. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price target on the stock in a research note on Monday, August 25th. Finally, UBS Group lifted their price target on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, NU has a consensus rating of "Moderate Buy" and an average price target of $17.06.
Read Our Latest Research Report on NU
NU Stock Performance
Shares of NYSE:NU traded up $0.23 during midday trading on Tuesday, hitting $15.45. The stock had a trading volume of 40,615,479 shares, compared to its average volume of 57,046,848. The company has a market capitalization of $74.45 billion, a PE ratio of 33.59, a P/E/G ratio of 0.79 and a beta of 1.07. The stock has a 50 day moving average price of $13.37 and a two-hundred day moving average price of $12.28. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15.
NU (NYSE:NU - Get Free Report) last issued its earnings results 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 business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the previous year, the firm earned $0.12 earnings per share. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
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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