Envestnet Portfolio Solutions Inc. lowered its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 24.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,728 shares of the company's stock after selling 25,897 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in NU were worth $826,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. LRI Investments LLC lifted its stake in NU by 3.1% during the third quarter. LRI Investments LLC now owns 24,983 shares of the company's stock worth $341,000 after purchasing an additional 743 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock valued at $362,000 after buying an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after acquiring an additional 1,000 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its holdings in NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock valued at $579,000 after acquiring an additional 1,000 shares during the period. Finally, Blue Trust Inc. boosted its holdings in NU by 4.9% during the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after acquiring an additional 1,011 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.
NU Stock Up 1.5 %
NYSE NU traded up $0.16 during trading on Thursday, reaching $11.08. 55,978,867 shares of the company's stock were exchanged, compared to its average volume of 36,707,800. The company has a 50 day moving average price of $12.07 and a two-hundred day moving average price of $12.80. The stock has a market cap of $52.82 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and decreased their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. cut their price objective on NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Finally, Barclays decreased their target price on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.47.
Read Our Latest Research Report on NU
About NU
(
Free Report)
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.
See Also
Before you consider NU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NU wasn't on the list.
While NU currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
