Tower Research Capital LLC TRC Sells 97,536 Shares of Nu Holdings Ltd. (NYSE:NU)

Tower Research Capital LLC TRC decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 44.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,221 shares of the company's stock after selling 97,536 shares during the quarter. Tower Research Capital LLC TRC's holdings in NU were worth $1,256,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. OneAscent Wealth Management LLC lifted its position in shares of NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock worth $129,000 after acquiring an additional 760 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after purchasing an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its stake in NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock worth $579,000 after buying an additional 1,000 shares in the last quarter. Blue Trust Inc. increased its holdings in NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after buying an additional 1,011 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in shares of NU by 9.9% during the 4th quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company's stock worth $152,000 after acquiring an additional 1,216 shares during the period. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.47.

NU Trading Down 1.6 %

Shares of NU stock traded down $0.20 during trading hours on Wednesday, reaching $12.22. The company had a trading volume of 17,768,179 shares, compared to its average volume of 51,968,008. 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 1-year low of $9.01 and a 1-year high of $16.15. The company has a 50 day moving average of $10.94 and a 200 day moving average of $12.22. The firm has a market cap of $58.22 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

About NU

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.