IFP Advisors Inc Has $612,000 Stock Holdings in Nu Holdings Ltd. $NU

IFP Advisors Inc cut its stake in Nu Holdings Ltd. (NYSE:NU) by 19.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,956 shares of the company’s stock after selling 10,375 shares during the period. IFP Advisors Inc’s holdings in NU were worth $612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Callan Family Office LLC acquired a new position in NU in the 2nd quarter valued at $361,000. US Bancorp DE raised its holdings in shares of NU by 5.1% during the 2nd quarter. US Bancorp DE now owns 274,399 shares of the company’s stock worth $3,765,000 after buying an additional 13,245 shares in the last quarter. Broderick Brian C raised its holdings in shares of NU by 137.3% during the 2nd quarter. Broderick Brian C now owns 74,658 shares of the company’s stock worth $1,024,000 after buying an additional 43,194 shares in the last quarter. Prasad Wealth Partners LLC raised its holdings in shares of NU by 17.6% during the 2nd quarter. Prasad Wealth Partners LLC now owns 125,777 shares of the company’s stock worth $1,726,000 after buying an additional 18,796 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of NU by 2.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 723,400 shares of the company’s stock worth $9,925,000 after buying an additional 16,100 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Down 1.2%

NYSE NU opened at $14.90 on Wednesday. The business’s 50-day moving average price is $14.69 and its two-hundred day moving average price is $13.07. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.42. The firm has a market capitalization of $71.78 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the company earned $0.12 EPS. On average, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on NU. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Susquehanna boosted their price target on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. Citigroup raised NU from a “sell” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price target for the company in a report on Monday, August 25th. Finally, Santander raised NU to a “neutral” rating in a report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.06.

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.