Arlington Capital Management Inc. Sells 1,400 Shares of Nu Holdings Ltd. (NYSE:NU)

Arlington Capital Management Inc. decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 5.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 22,642 shares of the company’s stock after selling 1,400 shares during the period. Arlington Capital Management Inc.’s holdings in NU were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NU. Raymond James Financial Inc. purchased a new position in NU during the 4th quarter valued at about $3,499,000. KLP Kapitalforvaltning AS bought a new position in shares of NU during the 4th quarter worth approximately $6,614,000. LPL Financial LLC raised its stake in shares of NU by 52.7% during the 4th quarter. LPL Financial LLC now owns 709,287 shares of the company’s stock worth $7,348,000 after acquiring an additional 244,879 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of NU by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 19,610,029 shares of the company’s stock worth $203,160,000 after acquiring an additional 191,369 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of NU by 24.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,539,186 shares of the company’s stock worth $26,306,000 after acquiring an additional 494,746 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

NU has been the topic of a number of recent analyst reports. Susquehanna upped their price target on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a research note on Wednesday, May 14th. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research note on Monday, June 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of NU in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

NU Price Performance

Shares of NU stock traded down $0.06 on Thursday, hitting $12.91. The company’s stock had a trading volume of 10,419,250 shares, compared to its average volume of 58,162,824. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The firm has a fifty day moving average price of $12.73 and a 200-day moving average price of $12.06. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $62.18 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 0.72 and a beta of 1.07.

NU (NYSE:NU) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the company posted $0.09 EPS. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU 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.