PharVision Advisers LLC Reduces Stock Holdings in Nu Holdings Ltd. $NU

PharVision Advisers LLC trimmed its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 67.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,577 shares of the company's stock after selling 25,940 shares during the period. PharVision Advisers LLC's holdings in NU were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NU. Baillie Gifford & Co. boosted its stake in NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after buying an additional 40,181,132 shares during the last quarter. Nuveen LLC acquired a new stake in NU in the 1st quarter worth about $221,317,000. Orbis Allan Gray Ltd acquired a new stake in NU in the 1st quarter worth about $150,763,000. Kontiki Capital Management HK Ltd. boosted its stake in NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock worth $333,575,000 after buying an additional 11,465,700 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in NU by 24.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock worth $557,422,000 after buying an additional 10,785,851 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NU shares. UBS Group raised their price target on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 price target on the stock in a research note on Monday, August 25th. Bank of America lifted their price objective on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Susquehanna lifted their price objective on NU from $15.00 to $17.00 and gave the company a "positive" rating in a research note on Wednesday, August 27th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.06.

NU Stock Performance

NYSE NU opened at $14.75 on Monday. The firm has a market capitalization of $71.06 billion, a P/E ratio of 32.06, a P/E/G ratio of 0.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The business's 50-day simple moving average is $13.31 and its 200-day simple moving average is $12.22.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS 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 return on equity of 29.91% and a net margin of 17.90%.During the same period last year, the business posted $0.12 EPS. Equities analysts predict 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.

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