Cresset Asset Management LLC Has $415,000 Position in Nu Holdings Ltd. (NYSE:NU)

Cresset Asset Management LLC lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 45.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,016 shares of the company's stock after selling 33,113 shares during the period. Cresset Asset Management LLC's holdings in NU were worth $415,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NU. Piscataqua Savings Bank lifted its holdings in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after acquiring an additional 2,500 shares during the period. TD Waterhouse Canada Inc. lifted its stake in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after purchasing an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. acquired a new stake in shares of NU in the 4th quarter valued at $52,000. Whipplewood Advisors LLC bought a new position in shares of NU in the 4th quarter valued at $62,000. Finally, Ethos Financial Group LLC acquired a new position in shares of NU during the 4th quarter worth $82,000. 84.02% of the stock is owned by institutional investors.

NU Trading Up 0.3%

NYSE NU traded up $0.04 on Monday, reaching $13.09. The company had a trading volume of 31,524,633 shares, compared to its average volume of 42,604,628. The firm has a market cap of $63.08 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The business has a 50 day moving average of $11.45 and a two-hundred day moving average of $12.02.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the business earned $0.09 earnings per share. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

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

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.