Nu Holdings Ltd. (NYSE:NU) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lessened its position in Nu Holdings Ltd. (NYSE:NU) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 696,360 shares of the company’s stock after selling 1,334 shares during the period. Lake Street Advisors Group LLC’s holdings in NU were worth $7,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NU. Fisher Asset Management LLC acquired a new stake in shares of NU during the third quarter worth $98,704,000. Thrivent Financial for Lutherans boosted its stake in NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after buying an additional 48,445 shares during the last quarter. Adero Partners LLC boosted its stake in NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after buying an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC grew its holdings in NU by 20.0% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after buying an additional 50,000 shares during the period. Finally, Baader Bank Aktiengesellschaft increased its stake in shares of NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after acquiring an additional 58,183 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Up 2.1 %

Shares of NYSE NU opened at $11.25 on Wednesday. The firm has a market cap of $53.60 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock’s 50-day simple moving average is $11.90 and its 200-day simple moving average is $13.24.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the topic of several research analyst reports. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. UBS Group lowered their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.47.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.