Northside Capital Management LLC Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

Northside Capital Management LLC lowered its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 644,602 shares of the company's stock after selling 46,984 shares during the period. NU accounts for 1.1% of Northside Capital Management LLC's investment portfolio, making the stock its 14th biggest position. Northside Capital Management LLC's holdings in NU were worth $6,601,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Baillie Gifford & Co. boosted its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after buying an additional 14,875,891 shares during the period. Norges Bank purchased a new position in shares of NU during the 4th quarter valued at $447,762,000. Geode Capital Management LLC raised its position in NU by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after acquiring an additional 1,179,748 shares in the last quarter. Northern Trust Corp raised its holdings in NU by 45.1% during the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after buying an additional 7,930,598 shares in the last quarter. Finally, Ribbit Management Company LLC raised its position in shares of NU by 22.1% in the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after purchasing an additional 4,575,000 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NU shares. Susquehanna increased their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. UBS Group lowered their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, Barclays raised their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.13.

NU Stock Performance

NU stock traded up $0.06 during midday trading on Friday, hitting $12.17. The company's stock had a trading volume of 30,493,951 shares, compared to its average volume of 44,100,938. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The stock's 50-day moving average price is $11.70 and its 200 day moving average price is $11.79. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market cap of $58.62 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 0.48 and a beta of 1.04.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter in the prior year, the business earned $0.09 EPS. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Company Profile

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.