Benjamin F. Edwards & Company Inc. Has $134,000 Stock Position in Nu Holdings Ltd. (NYSE:NU)

Benjamin F. Edwards & Company Inc. lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 21.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,434 shares of the company’s stock after selling 2,847 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in NU were worth $134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares in the last quarter. ORG Partners LLC bought a new stake in NU during the 2nd quarter worth approximately $54,000. Opal Wealth Advisors LLC acquired a new stake in NU during the 2nd quarter worth approximately $88,000. LRI Investments LLC bought a new position in NU in the first quarter valued at approximately $91,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 buying an additional 5,672 shares during the period. 80.90% of the stock is currently owned by institutional investors.

NU Stock Down 6.5 %

NU stock opened at $13.82 on Friday. Nu Holdings Ltd. has a fifty-two week low of $6.80 and a fifty-two week high of $15.16. The firm has a market capitalization of $65.87 billion, a PE ratio of 53.15, a P/E/G ratio of 0.67 and a beta of 1.17. The company’s 50-day moving average is $13.59 and its 200-day moving average is $12.47. 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 posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business earned $0.05 EPS. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NU shares. Susquehanna restated a “positive” rating and set a $16.00 price objective on shares of NU in a report on Thursday, August 15th. Bank of America boosted their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group increased their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Jefferies Financial Group boosted their target price on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.08.

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.