Vontobel Holding Ltd. Has $17.28 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Vontobel Holding Ltd. cut its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,687,361 shares of the company's stock after selling 104,590 shares during the period. Vontobel Holding Ltd.'s holdings in NU were worth $17,279,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Amalgamated Bank increased its holdings in NU by 5.3% in the 1st quarter. Amalgamated Bank now owns 227,585 shares of the company's stock valued at $2,330,000 after buying an additional 11,516 shares during the period. KBC Group NV boosted its position in shares of NU by 14.0% during the 1st quarter. KBC Group NV now owns 722,670 shares of the company's stock valued at $7,400,000 after acquiring an additional 88,962 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in NU in the first quarter valued at about $113,000. Schwartz Investment Counsel Inc. raised its position in NU by 5.7% in the first quarter. Schwartz Investment Counsel Inc. now owns 184,500 shares of the company's stock worth $1,889,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Carolina Wealth Advisors LLC lifted its stake in NU by 291.7% during the first quarter. Carolina Wealth Advisors LLC now owns 56,563 shares of the company's stock worth $579,000 after purchasing an additional 42,121 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

NU Trading Down 1.2%

Shares of NU stock traded down $0.17 on Wednesday, hitting $13.47. 60,894,601 shares of the company's stock traded hands, compared to its average volume of 47,269,866. The firm's 50-day moving average price is $12.46 and its two-hundred day moving average price is $11.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $64.91 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.07. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15.

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 analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the prior year, the company posted $0.09 EPS. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.