Nu Holdings Ltd. (NYSE:NU) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 14.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 396,972 shares of the company’s stock after selling 65,722 shares during the quarter. Raymond James & Associates’ holdings in NU were worth $5,419,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its stake in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of NU in the second quarter valued at about $54,000. Opal Wealth Advisors LLC acquired a new stake in shares of NU in the second quarter valued at about $88,000. Finally, LRI Investments LLC acquired a new stake in shares of NU in the first quarter valued at about $91,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Trading Down 5.0 %

NYSE:NU opened at $14.33 on Friday. The company has a market cap of $68.30 billion, a PE ratio of 46.23, a P/E/G ratio of 0.72 and a beta of 1.15. Nu Holdings Ltd. has a 52 week low of $7.74 and a 52 week high of $15.98. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $14.35 and its two-hundred day moving average is $12.91.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter last year, the business posted $0.05 EPS. On average, analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NU. Susquehanna restated a “positive” rating and set a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. Bank of America raised their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group raised their price objective on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.21.

NU Profile

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.