Cerity Partners LLC Reduces Position in Nu Holdings Ltd. (NYSE:NU)

Cerity Partners LLC decreased its holdings in Nu Holdings Ltd. (NYSE:NU) by 23.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 796,926 shares of the company’s stock after selling 244,061 shares during the period. Cerity Partners LLC’s holdings in NU were worth $6,638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank grew its stake in NU by 1,232.5% in the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after buying an additional 3,833 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of NU by 37.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock valued at $48,000 after purchasing an additional 1,641 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of NU during the 1st quarter valued at $48,000. Evergreen Capital Management LLC purchased a new stake in NU during the 4th quarter worth about $48,000. Finally, WASHINGTON TRUST Co bought a new position in NU in the 3rd quarter worth about $49,000. Institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Susquehanna upped their price target on NU from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. UBS Group upped their target price on NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average target price of $9.67.

NU Trading Down 3.0 %

Shares of NU opened at $10.96 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. Nu Holdings Ltd. has a fifty-two week low of $4.51 and a fifty-two week high of $12.39. The firm has a 50 day moving average price of $11.18 and a 200-day moving average price of $9.32. The firm has a market cap of $51.43 billion, a price-to-earnings ratio of 52.17, a PEG ratio of 0.55 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the firm posted $0.03 EPS. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.39 earnings per share for the current year.

NU Company 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.