Dakota Wealth Management Sells 1,247 Shares of Nu Holdings Ltd. (NYSE:NU)

Dakota Wealth Management trimmed its holdings in Nu Holdings Ltd. (NYSE:NU) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,134 shares of the company’s stock after selling 1,247 shares during the period. Dakota Wealth Management’s holdings in NU were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. OneAscent Wealth Management LLC increased its holdings in NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock valued at $129,000 after buying an additional 760 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in NU by 8.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company’s stock valued at $150,000 after purchasing an additional 1,136 shares in the last quarter. Quarry LP increased its position in NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company’s stock worth $94,000 after buying an additional 1,205 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in NU by 51.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock worth $39,000 after buying an additional 1,295 shares during the period. Finally, 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. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley restated an “overweight” rating on shares of NU in a research report on Friday, June 13th. Barclays upped their target price on 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. boosted their price objective on shares of NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research report on Monday, June 30th. Finally, Susquehanna increased their target price on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Wednesday, May 14th. One equities 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.50.

NU Stock Performance

NU opened at $14.01 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The firm has a market capitalization of $67.49 billion, a PE ratio of 32.57, a PEG ratio of 0.79 and a beta of 1.07. The firm’s 50-day moving average price is $12.74 and its 200 day moving average price is $12.00.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, sell-side 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.