Crossmark Global Holdings Inc. Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

Crossmark Global Holdings Inc. reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 30.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,541 shares of the company’s stock after selling 49,477 shares during the period. Crossmark Global Holdings Inc.’s holdings in NU were worth $1,523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NU. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of NU by 1,074.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock worth $1,790,000 after purchasing an additional 119,972 shares during the last quarter. Public Investment Fund lifted its holdings in NU by 223.1% in the 2nd quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock worth $49,014,000 after buying an additional 2,625,500 shares during the period. Bleakley Financial Group LLC bought a new stake in shares of NU in the 1st quarter worth approximately $152,000. Fiera Capital Corp purchased a new position in shares of NU during the third quarter valued at approximately $3,045,000. Finally, National Pension Service bought a new position in shares of NU during the third quarter valued at approximately $11,477,000. Institutional investors own 80.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on NU shares. Susquehanna reiterated a “positive” rating and issued a $16.00 price target on shares of NU in a report on Thursday, August 15th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Barclays increased their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Bank of America increased their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, NU currently has an average rating of “Moderate Buy” and an average target price of $15.21.

NU Stock Performance

Shares of NU opened at $15.64 on Thursday. Nu Holdings Ltd. has a 52 week low of $7.74 and a 52 week high of $16.15. 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 stock has a market cap of $74.54 billion, a P/E ratio of 50.45, a P/E/G ratio of 0.72 and a beta of 1.13. The business’s 50 day moving average price is $14.45 and its 200-day moving average price is $13.17.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion during 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 period last year, the company earned $0.05 earnings per share. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

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.