Nu Holdings Ltd. (NYSE:NU) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 41.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,056,716 shares of the company's stock after selling 1,473,153 shares during the period. Vontobel Holding Ltd.'s holdings in NU were worth $28,074,000 at the end of the most recent quarter.

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Several other institutional investors have also recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV increased its holdings in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock valued at $26,000 after purchasing an additional 1,422 shares during the last quarter. GAMMA Investing LLC boosted its position in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after buying an additional 815 shares during the period. ORG Partners LLC purchased a new position in NU in the 2nd quarter valued at approximately $54,000. Opal Wealth Advisors LLC purchased a new position in NU in the 2nd quarter valued at approximately $88,000. Finally, LRI Investments LLC purchased a new position in NU in the 1st quarter valued at approximately $91,000. Institutional investors and hedge funds own 80.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NU. Bank of America raised their price target on shares of NU from $12.80 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Susquehanna reissued a "positive" rating and issued a $16.00 price target on shares of NU in a research report on Thursday, August 15th. Jefferies Financial Group lifted their price objective on shares of NU from $10.80 to $15.20 and gave the stock a "buy" rating in a research report on Monday, June 24th. The Goldman Sachs Group lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, July 11th. Finally, UBS Group cut shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, NU presently has an average rating of "Moderate Buy" and an average price target of $14.74.

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NU Stock Performance

NYSE NU traded up $0.05 during trading on Thursday, reaching $14.16. The company's stock had a trading volume of 16,422,513 shares, compared to its average volume of 32,592,006. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $67.49 billion, a price-to-earnings ratio of 54.46, a P/E/G ratio of 0.61 and a beta of 1.15. Nu Holdings Ltd. has a twelve month low of $7.69 and a twelve month high of $15.16. The business's fifty day moving average price is $14.08 and its 200-day moving average price is $12.66.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period in the previous year, the business posted $0.05 earnings per share. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

NU Company Profile

(Free Report)

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.

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