Vaughan Nelson Investment Management L.P. Sells 262,505 Shares of Nu Holdings Ltd. (NYSE:NU)

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 90.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,520 shares of the company's stock after selling 262,505 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in NU were worth $272,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Baillie Gifford & Co. increased its stake in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. Norges Bank bought a new stake in NU during the 4th quarter worth approximately $447,762,000. Geode Capital Management LLC increased its stake in NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after purchasing an additional 1,179,748 shares in the last quarter. Northern Trust Corp increased its stake in NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after purchasing an additional 7,930,598 shares in the last quarter. Finally, Ribbit Management Company LLC increased its stake in NU by 22.1% during the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after purchasing an additional 4,575,000 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays upped their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Finally, UBS Group reduced their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, NU presently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

NU Trading Down 0.6%

NYSE NU opened at $11.92 on Monday. The company has a market cap of $57.45 billion, a PE ratio of 29.81, a PEG ratio of 0.48 and a beta of 1.04. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The stock has a 50 day moving average of $11.95 and a 200-day moving average of $11.70.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same period in the previous year, the company posted $0.09 EPS. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU 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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