Vestmark Advisory Solutions Inc. Trims Stock Position in Nu Holdings Ltd. (NYSE:NU)

Vestmark Advisory Solutions Inc. lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 42,330 shares of the company’s stock after selling 1,059 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in NU were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Piscataqua Savings Bank increased its position in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the last quarter. Huntington National Bank increased its position in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after purchasing an additional 2,131 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of NU during the 4th quarter valued at about $62,000. Ethos Financial Group LLC purchased a new stake in shares of NU during the 4th quarter valued at about $82,000. Finally, Quarry LP grew its stake in shares of NU by 104.8% during the 3rd quarter. Quarry LP now owns 7,890 shares of the company’s stock valued at $108,000 after acquiring an additional 4,037 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the subject of a number of recent research reports. Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. cut their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.47.

NU Trading Up 1.7 %

NU stock opened at $10.83 on Friday. 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 current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $51.63 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 0.48 and a beta of 1.14. The business has a 50 day simple moving average of $11.98 and a two-hundred day simple moving average of $13.09.

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

About NU

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.