Nu Holdings Ltd. (NYSE:NU) Shares Sold by Perpetual Ltd

Perpetual Ltd lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 74.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,654,481 shares of the company's stock after selling 4,903,184 shares during the quarter. Perpetual Ltd's holdings in NU were worth $16,942,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of NU by 2,069.9% during the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock valued at $7,050,000 after buying an additional 68,865 shares during the period. Proficio Capital Partners LLC acquired a new position in NU in the 4th quarter valued at $441,000. Cetera Investment Advisers lifted its stake in shares of NU by 6.0% during the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after purchasing an additional 10,955 shares during the period. SG Americas Securities LLC lifted its stake in shares of NU by 212.1% during the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after purchasing an additional 56,682 shares during the period. Finally, Unison Asset Management LLC boosted its holdings in shares of NU by 3.1% during the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after purchasing an additional 37,888 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Trading Down 1.3%

Shares of NYSE:NU traded down $0.18 during trading on Friday, reaching $13.22. 186,366,995 shares of the stock were exchanged, compared to its average volume of 46,967,280. The firm's 50-day moving average price is $12.30 and its 200 day moving average price is $11.74. The firm has a market cap of $63.68 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm earned $0.09 earnings per share. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on NU. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Barclays upped their price objective 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. Susquehanna increased their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $15.13.

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.