Yousif Capital Management LLC Sells 1,669 Shares of Nu Holdings Ltd. $NU

Yousif Capital Management LLC reduced its holdings in Nu Holdings Ltd. (NYSE:NU) by 1.8% in the 2nd quarter, Holdings Channel reports. The fund owned 91,251 shares of the company’s stock after selling 1,669 shares during the quarter. Yousif Capital Management LLC’s holdings in NU were worth $1,252,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. bought a new stake in shares of NU in the second quarter worth about $27,000. Capital Analysts LLC bought a new stake in shares of NU in the first quarter worth about $31,000. TFC Financial Management Inc. increased its holdings in shares of NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after acquiring an additional 1,325 shares in the last quarter. ORG Partners LLC increased its holdings in shares of NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of NU in the first quarter worth about $34,000. 84.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NU has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price objective for the company in a research report on Monday, August 25th. UBS Group upped their price objective on NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday. Santander raised NU to a “neutral” rating in a research report on Monday, August 25th. Finally, Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.10.

NU Stock Performance

Shares of NYSE NU opened at $15.41 on Tuesday. The stock has a 50 day moving average price of $14.92 and a 200 day moving average price of $13.22. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $74.23 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the firm posted $0.12 earnings per share. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share 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.