TD Asset Management Inc Lowers Holdings in Nu Holdings Ltd. (NYSE:NU)

TD Asset Management Inc lowered its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 28.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,188,389 shares of the company's stock after selling 478,472 shares during the period. TD Asset Management Inc's holdings in NU were worth $12,169,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its position in NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after purchasing an additional 2,860 shares during the last quarter. TFC Financial Management Inc. boosted 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 valued at $32,000 after purchasing an additional 1,325 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in NU by 51.4% during 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 during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of NU by 128.7% in the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after buying an additional 2,392 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new position in shares of NU in the 4th quarter worth $50,000. Institutional investors own 84.02% of the company's stock.

NU Stock Down 3.2%

NYSE:NU traded down $0.41 during trading hours on Thursday, reaching $12.21. The company's stock had a trading volume of 46,454,525 shares, compared to its average volume of 61,915,336. The stock has a 50 day moving average price of $12.72 and a two-hundred day moving average price of $12.12. The company has a market capitalization of $58.85 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 0.71 and a beta of 1.07. 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 Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NU. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. JPMorgan Chase & Co. lifted 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 boosted their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Susquehanna boosted their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.50.

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.