Nu Holdings Ltd. (NYSE:NU) Stake Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 28.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,203 shares of the company's stock after selling 81,642 shares during the quarter. Thrivent Financial for Lutherans' holdings in NU were worth $2,696,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock worth $29,000 after buying an additional 815 shares during the last quarter. ORG Partners LLC acquired a new position in NU in the 2nd quarter valued at about $54,000. Opal Wealth Advisors LLC acquired a new position in NU in the 2nd quarter valued at about $88,000. LRI Investments LLC acquired a new position in NU in the 1st quarter valued at about $91,000. Finally, Allspring Global Investments Holdings LLC raised its stake in NU by 179.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company's stock valued at $105,000 after purchasing an additional 5,672 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NU. JPMorgan Chase & Co. boosted their target price on shares of NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Susquehanna restated a "positive" rating and issued a $16.00 price target on shares of NU in a report on Thursday, August 15th. The Goldman Sachs Group lifted their price target on NU from $15.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, July 11th. Jefferies Financial Group lifted their price target on NU from $10.80 to $15.20 and gave the company a "buy" rating in a report on Monday, June 24th. Finally, UBS Group cut NU from a "buy" rating to a "neutral" rating and set a $13.50 price target for the company. in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, NU has an average rating of "Moderate Buy" and an average target price of $14.08.

NU Stock Down 1.6 %

NYSE:NU traded down $0.22 during trading hours on Tuesday, hitting $13.43. The stock had a trading volume of 27,208,146 shares, compared to its average volume of 33,113,906. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a 1-year low of $6.80 and a 1-year high of $15.16. The business has a 50 day simple moving average of $13.61 and a two-hundred day simple moving average of $12.52. The company has a market cap of $64.01 billion, a PE ratio of 51.65, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $0.05 earnings per share. Analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current year.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.