AssuredPartners Investment Advisors LLC Sells 2,393 Shares of Nu Holdings Ltd. $NU

AssuredPartners Investment Advisors LLC lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 15.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,266 shares of the company’s stock after selling 2,393 shares during the quarter. AssuredPartners Investment Advisors LLC’s holdings in NU were worth $182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NU. Farther Finance Advisors LLC lifted its position in NU by 128.7% in the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company’s stock valued at $44,000 after purchasing an additional 2,392 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of NU by 111.9% during the first quarter. GAMMA Investing LLC now owns 7,050 shares of the company’s stock valued at $72,000 after buying an additional 3,723 shares during the period. SG Americas Securities LLC increased its stake in shares of NU by 212.1% during the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company’s stock valued at $854,000 after buying an additional 56,682 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of NU by 6.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 282,317 shares of the company’s stock valued at $2,891,000 after buying an additional 17,532 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of NU by 463.3% during the first quarter. Janney Montgomery Scott LLC now owns 76,891 shares of the company’s stock valued at $787,000 after buying an additional 63,241 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of several research analyst reports. Susquehanna boosted their target price on NU from $15.00 to $17.00 and gave the company a “positive” rating in a research note on Wednesday, August 27th. Santander raised NU to a “neutral” rating in a research note on Monday, August 25th. Citigroup raised NU from a “sell” rating to a “buy” rating and boosted their target price for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Bank of America boosted their target price on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Finally, Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Monday, August 18th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.10.

NU Price Performance

Shares of NU stock opened at $15.02 on Friday. The stock has a market cap of $72.38 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 0.77 and a beta of 1.08. The business’s fifty day moving average is $14.85 and its 200 day moving average is $13.14. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.42. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period in the prior year, the firm earned $0.12 earnings per share. 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.