Triasima Portfolio Management inc. cut its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 19.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 254,379 shares of the company's stock after selling 61,977 shares during the period. Triasima Portfolio Management inc.'s holdings in NU were worth $3,490,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in NU. Armstrong Advisory Group Inc. purchased a new stake in NU during the second quarter worth $27,000. NBC Securities Inc. raised its position in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares during the period. Capital Analysts LLC acquired a new position in NU during the first quarter worth $31,000. TFC Financial Management Inc. raised its position in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after acquiring an additional 1,325 shares during the period. Finally, ORG Partners LLC raised its position in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after acquiring an additional 1,920 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
NU has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Santander upgraded shares of NU to a "neutral" rating in a research report on Monday, August 25th. 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. Finally, Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.06.
View Our Latest Stock Analysis on NU
NU Price Performance
Shares of NYSE NU opened at $15.13 on Wednesday. The firm has a 50-day simple moving average of $14.39 and a 200-day simple moving average of $12.93. The stock has a market capitalization of $72.88 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42.
NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period in the prior year, the business earned $0.12 earnings per share. On average, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
About NU
(
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.
See Also
Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NU - Free Report).
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