Nu Holdings Ltd. $NU Shares Sold by Focus Partners Wealth

Key Points

• Focus Partners Wealth has significantly reduced its stake in Nu Holdings Ltd. by 41.4%, selling over 1 million shares, leaving it with approximately 1.46 million shares valued at about $14.95 million.
• Nu Holdings reported a quarterly EPS of $0.14, exceeding the consensus estimate of $0.12, alongside a revenue of $3.70 billion for the quarter.
• Analysts have recently increased their price targets for Nu Holdings, with firms such as Susquehanna and Citigroup setting new targets at $17.00 and $18.00, respectively, reflecting a generally positive outlook.

Focus Partners Wealth decreased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 41.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,460,127 shares of the company's stock after selling 1,031,428 shares during the period. Focus Partners Wealth's holdings in NU were worth $14,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. raised its holdings in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after acquiring an additional 2,860 shares during the last quarter. Capital Analysts LLC acquired a new position in NU in the 1st quarter valued at $31,000. TFC Financial Management Inc. raised its holdings in 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 acquiring an additional 1,325 shares during the last quarter. Banque Transatlantique SA acquired a new position in NU in the 1st quarter valued at $34,000. Finally, WPG Advisers LLC acquired a new position in shares of NU during the 1st quarter valued at about $38,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NU opened at $15.70 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a 50 day moving average of $13.50 and a two-hundred day moving average of $12.36. The company has a market cap of $75.65 billion, a P/E ratio of 34.13, a P/E/G ratio of 0.81 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the firm earned $0.12 earnings per share. On average, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on NU. Susquehanna boosted their target price on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. boosted their target price on shares of NU from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and boosted their target price for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Itau BBA Securities upgraded 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. Finally, Santander upgraded shares of NU to a "neutral" rating in a report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NU currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.06.

About NU

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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