SG Americas Securities LLC lessened its position in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 61.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,371 shares of the company’s stock after selling 91,683 shares during the quarter. SG Americas Securities LLC’s holdings in NU were worth $752,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC purchased a new stake in shares of NU in the first quarter valued at about $152,000. Wasatch Advisors LP grew its stake in NU by 19.4% in the 4th quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock valued at $199,497,000 after acquiring an additional 3,886,442 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in NU during the first quarter worth $1,958,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in NU in the 1st quarter valued at about $597,000. Finally, Axiom Investors LLC DE lifted its stake in shares of NU by 5.3% during the fourth quarter. Axiom Investors LLC DE now owns 12,513,280 shares of the company’s stock valued at $104,236,000 after buying an additional 624,200 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.
NU Stock Up 2.2 %
Shares of NYSE:NU opened at $14.09 on Monday. Nu Holdings Ltd. has a 12-month low of $6.61 and a 12-month high of $14.30. 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 firm has a market cap of $67.15 billion, a PE ratio of 54.19, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The company has a fifty day simple moving average of $12.43 and a 200 day simple moving average of $11.66.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on NU shares. Jefferies Financial Group upped their price objective on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. KeyCorp upped their price target on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Barclays increased their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday. Susquehanna reaffirmed a “positive” rating and set a $16.00 price target on shares of NU in a research report on Thursday. Finally, JPMorgan Chase & Co. cut NU from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $14.50 in a research note on Monday, July 22nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.38.
Read Our Latest Research Report on NU
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.
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