Nu Holdings Ltd. (NYSE:NU) Shares Sold by Oak Thistle LLC

Oak Thistle LLC lowered its position in Nu Holdings Ltd. (NYSE:NU) by 41.4% during the first quarter, Holdings Channel.com reports. The fund owned 21,739 shares of the company’s stock after selling 15,330 shares during the quarter. Oak Thistle LLC’s holdings in NU were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in shares of NU by 7.1% during the third quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock worth $444,138,000 after purchasing an additional 4,044,904 shares in the last quarter. Raymond James & Associates lifted its stake in shares of NU by 1,235.7% during the fourth quarter. Raymond James & Associates now owns 371,729 shares of the company’s stock worth $3,096,000 after purchasing an additional 343,899 shares in the last quarter. Redwood Investments LLC acquired a new position in shares of NU during the fourth quarter worth about $3,021,000. Wasatch Advisors LP lifted its stake in shares of NU by 19.4% during the fourth quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock worth $199,497,000 after purchasing an additional 3,886,442 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of NU by 74.2% during the third quarter. Legal & General Group Plc now owns 5,754,107 shares of the company’s stock worth $41,721,000 after purchasing an additional 2,451,784 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Stock Down 4.0 %

NU stock traded down $0.52 during midday trading on Monday, hitting $12.37. The stock had a trading volume of 33,643,556 shares, compared to its average volume of 29,628,164. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21. The stock has a market cap of $58.95 billion, a P/E ratio of 47.58, a P/E/G ratio of 0.61 and a beta of 1.14. Nu Holdings Ltd. has a 12 month low of $6.61 and a 12 month high of $13.01. The business has a fifty day moving average price of $11.75 and a 200 day moving average price of $10.73.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. Research analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Susquehanna boosted their price objective on NU from $12.00 to $14.00 and gave the stock a “positive” rating in a research note on Wednesday, May 15th. Jefferies Financial Group boosted their price objective on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. Barclays assumed coverage on NU in a research report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 target price on the stock. KeyCorp lifted their target price on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, TheStreet raised NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.70.

About NU

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.