Nu Holdings Ltd. $NU Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 88.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 237,800 shares of the company’s stock after selling 1,911,510 shares during the period. Ensign Peak Advisors Inc’s holdings in NU were worth $3,263,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Octahedron Capital Management L.P. grew its holdings in shares of NU by 56.9% during the second quarter. Octahedron Capital Management L.P. now owns 1,608,000 shares of the company’s stock worth $22,062,000 after buying an additional 583,250 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in NU by 694.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock worth $87,000 after acquiring an additional 5,552 shares during the period. FineMark National Bank & Trust purchased a new position in shares of NU in the 2nd quarter valued at approximately $253,000. Empowered Funds LLC increased its holdings in shares of NU by 14.5% in the second quarter. Empowered Funds LLC now owns 243,806 shares of the company’s stock valued at $3,345,000 after purchasing an additional 30,945 shares during the period. Finally, Frank Rimerman Advisors LLC raised its stake in shares of NU by 1.4% during the second quarter. Frank Rimerman Advisors LLC now owns 76,238 shares of the company’s stock worth $1,046,000 after purchasing an additional 1,063 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NU has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Santander raised shares of NU to a “neutral” rating in a report on Monday, August 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, Citigroup raised NU from a “sell” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.44.

NU Stock Performance

NYSE:NU opened at $16.61 on Wednesday. The firm’s fifty day simple moving average is $15.70 and its 200-day simple moving average is $14.05. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock has a market cap of $80.01 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.67.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. Analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share 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.