Nu Holdings Ltd. $NU Stock Position Lessened by Focus Partners Wealth

Focus Partners Wealth trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 27.3% during the third quarter, Holdings Channel.com reports. The firm owned 4,456,744 shares of the company’s stock after selling 1,671,830 shares during the quarter. Focus Partners Wealth’s holdings in NU were worth $71,352,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of NU. Jordan Park Group LLC grew its position in NU by 129.3% in the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after buying an additional 1,104,421 shares in the last quarter. Allworth Financial LP raised its position in shares of NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after buying an additional 1,601 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after acquiring an additional 1,464 shares during the period. VSM Wealth Advisory LLC lifted its stake in shares of NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock worth $53,000 after acquiring an additional 3,000 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of NU by 694.0% in the second quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock valued at $87,000 after acquiring an additional 5,552 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NYSE NU opened at $14.25 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $68.64 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 0.54 and a beta of 1.11. The stock’s fifty day simple moving average is $16.64 and its 200 day simple moving average is $16.23. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.98.

NU (NYSE:NU) last announced its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NU shares. UBS Group lowered their price objective on shares of NU from $18.40 to $17.20 and set a “neutral” rating on the stock in a research note on Wednesday, March 4th. Santander raised NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price target on shares of NU in a research report on Thursday, December 18th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. Finally, Susquehanna upped their price objective on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.22.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.