Snowden Capital Advisors LLC Decreases Stake in Nu Holdings Ltd. (NYSE:NU)

Snowden Capital Advisors LLC decreased its holdings in Nu Holdings Ltd. (NYSE:NU) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,356 shares of the company’s stock after selling 14,435 shares during the quarter. Snowden Capital Advisors LLC’s holdings in NU were worth $926,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. OneAscent Wealth Management LLC increased its holdings in shares of NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock valued at $129,000 after purchasing an additional 760 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. grew its position in NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after buying an additional 1,000 shares during the period. Blue Trust Inc. increased its holdings in NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock valued at $226,000 after buying an additional 1,011 shares in the last quarter. Quarry LP lifted its position in shares of NU by 15.3% during the 4th quarter. Quarry LP now owns 9,095 shares of the company’s stock valued at $94,000 after acquiring an additional 1,205 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in shares of NU by 9.9% during the 4th quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company’s stock valued at $152,000 after acquiring an additional 1,216 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NU. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group dropped their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Barclays lifted their price target on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, Susquehanna increased their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $15.13.

NU Stock Up 0.3%

NU opened at $13.09 on Tuesday. The firm has a market cap of $63.08 billion, a P/E ratio of 32.73, a PEG ratio of 0.48 and a beta of 1.11. The business’s fifty day simple moving average is $11.49 and its 200 day simple moving average is $12.01. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last released 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). The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same quarter last year, the company posted $0.09 earnings per share. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS 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.