Nu Holdings Ltd. (NYSE:NU) Shares Sold by Virtu Financial LLC

Key Points

• Virtu Financial LLC significantly reduced its stake in Nu Holdings Ltd. by selling 299,076 shares, bringing its holdings down by 77.4% to 87,569 shares valued at approximately $897,000.
• Institutional investors collectively hold 84.02% of Nu Holdings' stock, with notable actions including Baillie Gifford & Co. increasing their position by 17.9%.
• Analyst ratings for Nu Holdings reflect a consensus of "Moderate Buy" with an average price target of $15.50, following recent increases in target prices from multiple brokerages.

Virtu Financial LLC cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 77.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,569 shares of the company's stock after selling 299,076 shares during the period. Virtu Financial LLC's holdings in NU were worth $897,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NU. GAMMA Investing LLC boosted its holdings in NU by 2,069.9% in the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock valued at $7,050,000 after purchasing an additional 68,865 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in NU in the first quarter valued at approximately $113,000. Cetera Investment Advisers boosted its holdings in NU by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock valued at $2,013,000 after purchasing an additional 10,955 shares in the last quarter. SG Americas Securities LLC boosted its holdings in NU by 212.1% in the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock valued at $854,000 after purchasing an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC boosted its holdings in NU by 3.1% in the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock valued at $12,798,000 after purchasing an additional 37,888 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NU. Barclays upped their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. increased their price objective on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

NU Price Performance

NYSE:NU traded up $1.07 during trading hours on Friday, hitting $13.08. The company's stock had a trading volume of 130,466,648 shares, compared to its average volume of 56,913,184. The business's 50-day moving average is $12.75 and its two-hundred day moving average is $12.16. The company has a market capitalization of $63.03 billion, a PE ratio of 30.42, a PEG ratio of 0.70 and a beta of 1.05. 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 52-week low of $9.01 and a 52-week high of $16.15.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a return on equity of 30.77% and a net margin of 17.88%. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the prior year, the business posted $0.12 earnings per share. As a group, 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.