SG Americas Securities LLC Trims Stake in Nu Holdings Ltd. (NYSE:NU)

SG Americas Securities LLC lessened its position in shares of Nu Holdings Ltd. (NYSE:NU) 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.

NU (NYSE:NU) last issued its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm earned $0.05 EPS. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

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.

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.