Cerity Partners LLC Sells 244,061 Shares of Nu Holdings Ltd. (NYSE:NU)

Cerity Partners LLC trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 796,926 shares of the company's stock after selling 244,061 shares during the period. Cerity Partners LLC's holdings in NU were worth $6,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NU. Huntington National Bank increased its stake in NU by 1,232.5% in the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company's stock valued at $30,000 after buying an additional 3,833 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in NU by 37.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company's stock valued at $48,000 after buying an additional 1,641 shares during the last quarter. UMB Bank n.a. acquired a new stake in NU in the 4th quarter valued at $55,000. WASHINGTON TRUST Co acquired a new position in shares of NU during the 3rd quarter worth about $49,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of NU by 234.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,593 shares of the company's stock worth $55,000 after purchasing an additional 5,322 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

NYSE NU traded down $0.11 during trading on Tuesday, reaching $10.84. The company's stock had a trading volume of 17,136,706 shares, compared to its average volume of 31,496,758. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $50.89 billion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. Nu Holdings Ltd. has a 12 month low of $4.51 and a 12 month high of $12.39. The firm has a 50 day moving average price of $11.21 and a 200 day moving average price of $9.35.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same period in the prior year, the firm earned $0.03 EPS. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the topic of several recent analyst reports. TheStreet upgraded shares of NU from a "c+" rating to a "b" rating in a research note on Friday, March 8th. UBS Group boosted their price objective on shares of NU from $10.50 to $11.50 and gave the stock a "buy" rating in a research note on Monday, January 29th. Finally, Susquehanna lifted their target price on shares of NU from $11.00 to $12.00 and gave the stock a "positive" rating in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $9.67.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.