SRN Advisors LLC trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 36.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,333 shares of the company's stock after selling 37,824 shares during the period. SRN Advisors LLC's holdings in NU were worth $689,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. bought a new position in shares of NU during the 1st quarter valued at about $167,000. New Vernon Investment Management LLC lifted its position in shares of NU by 765.3% in the first quarter. New Vernon Investment Management LLC now owns 49,324 shares of the company's stock worth $505,000 after buying an additional 43,624 shares in the last quarter. Orbis Allan Gray Ltd purchased a new stake in shares of NU in the first quarter worth about $150,763,000. Hiddenite Capital Partners LP boosted its stake in NU by 44.0% during the first quarter. Hiddenite Capital Partners LP now owns 144,000 shares of the company's stock valued at $1,475,000 after buying an additional 44,000 shares during the last quarter. Finally, Azora Capital LP purchased a new position in NU during the 1st quarter valued at approximately $30,646,000. 84.02% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on NU. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a report on Monday, August 18th. Susquehanna upped their price target on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a research note on Wednesday, August 27th. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price objective for the company in a research report on Monday, August 25th. JPMorgan Chase & Co. boosted their target price on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Finally, Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and upped their target price for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.96.
Read Our Latest Stock Report on NU
NU Trading Up 0.4%
NYSE NU traded up $0.05 during trading on Tuesday, hitting $14.85. The stock had a trading volume of 50,565,212 shares, compared to its average volume of 57,215,305. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The stock has a 50 day simple moving average of $13.19 and a 200 day simple moving average of $12.19. The stock has a market capitalization of $71.58 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 0.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the business posted $0.12 earnings per share. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
NU Profile
(
Free Report)
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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