IFP Advisors Inc trimmed its position in Nu Holdings Ltd. (NYSE:NU – Free Report) by 19.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,956 shares of the company’s stock after selling 10,375 shares during the quarter. IFP Advisors Inc’s holdings in NU were worth $612,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Baillie Gifford & Co. grew its position in NU by 17.9% in the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock valued at $2,715,243,000 after acquiring an additional 40,181,132 shares during the period. Nuveen LLC bought a new stake in NU in the first quarter valued at $221,317,000. Orbis Allan Gray Ltd bought a new stake in NU in the first quarter valued at $150,763,000. Kontiki Capital Management HK Ltd. grew its position in NU by 54.3% in the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock valued at $333,575,000 after acquiring an additional 11,465,700 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock valued at $557,422,000 after acquiring an additional 10,785,851 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a report on Monday, August 18th. Santander upgraded NU to a “neutral” rating in a report on Monday, August 25th. Bank of America increased their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Finally, UBS Group increased their target price on NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a report on Tuesday, September 2nd. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus price target of $17.06.
NU Stock Performance
NYSE:NU opened at $14.90 on Wednesday. The stock has a market cap of $71.78 billion, a P/E ratio of 32.38, a PEG ratio of 0.79 and a beta of 1.08. The stock has a 50 day simple moving average of $14.69 and a 200 day simple moving average of $13.07. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.42.
NU (NYSE:NU – Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period last year, the firm posted $0.12 EPS. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.
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