Nu Holdings Ltd. $NU Shares Sold by Ethic Inc.

Ethic Inc. reduced its position in Nu Holdings Ltd. (NYSE:NU) by 59.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,985 shares of the company’s stock after selling 112,336 shares during the quarter. Ethic Inc.’s holdings in NU were worth $1,007,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in NU by 111.9% during the 1st quarter. GAMMA Investing LLC now owns 7,050 shares of the company’s stock worth $72,000 after purchasing an additional 3,723 shares during the last quarter. Janney Montgomery Scott LLC grew its position in NU by 463.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 76,891 shares of the company’s stock worth $787,000 after purchasing an additional 63,241 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in NU by 12.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 66,983 shares of the company’s stock worth $686,000 after purchasing an additional 7,556 shares during the last quarter. Asset Management One Co. Ltd. grew its position in NU by 15.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 505,540 shares of the company’s stock worth $5,177,000 after purchasing an additional 69,442 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in NU by 2.2% during the 1st quarter. Bessemer Group Inc. now owns 144,919 shares of the company’s stock worth $1,484,000 after purchasing an additional 3,059 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Down 0.3%

Shares of NYSE:NU opened at $15.86 on Monday. The company has a market cap of $76.40 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 0.82 and a beta of 1.08. The firm’s 50-day simple moving average is $15.17 and its 200-day simple moving average is $13.37. 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 Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.42.

NU (NYSE:NU) last announced its quarterly earnings data 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 net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the business earned $0.12 earnings per share. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Monday, August 25th. UBS Group raised their price objective on shares of NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Saturday. Finally, Santander raised shares of NU to a “neutral” rating in a report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and an average target price of $17.10.

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.