Amalgamated Bank Has $2.88 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Amalgamated Bank reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,790 shares of the company’s stock after selling 4,272 shares during the quarter. Amalgamated Bank’s holdings in NU were worth $2,877,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NU. Allspring Global Investments Holdings LLC grew its stake in NU by 179.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after purchasing an additional 5,672 shares in the last quarter. Hamilton Lane Advisors LLC boosted its stake in NU by 97.8% in the 1st quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock valued at $5,974,000 after purchasing an additional 247,642 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of NU in the first quarter valued at about $1,610,000. Empowered Funds LLC boosted its stake in shares of NU by 11.5% during the first quarter. Empowered Funds LLC now owns 161,439 shares of the company’s stock valued at $1,926,000 after purchasing an additional 16,618 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in NU during the 1st quarter worth approximately $1,790,000. 80.90% of the stock is currently owned by institutional investors.

NU Stock Up 0.1 %

Shares of NU stock opened at $15.23 on Monday. Nu Holdings Ltd. has a 1 year low of $7.74 and a 1 year high of $15.98. The company has a 50-day moving average of $14.39 and a 200 day moving average of $13.08. The firm has a market cap of $72.59 billion, a price-to-earnings ratio of 49.13, a PEG ratio of 0.69 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business earned $0.05 EPS. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on NU. Susquehanna reissued a “positive” rating and set a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Barclays upped their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target 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 downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Finally, Bank of America upped their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.