Thrivent Financial for Lutherans Sells 81,642 Shares of Nu Holdings Ltd. (NYSE:NU)

Thrivent Financial for Lutherans lowered its position in Nu Holdings Ltd. (NYSE:NU) by 28.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 209,203 shares of the company’s stock after selling 81,642 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NU were worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NU. Sei Investments Co. raised its position in NU by 23.0% during the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after purchasing an additional 3,544,124 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of NU by 13.0% in the second quarter. Intech Investment Management LLC now owns 109,040 shares of the company’s stock valued at $1,406,000 after buying an additional 12,527 shares during the period. MRP Capital Investments LLC raised its position in shares of NU by 197.3% during the second quarter. MRP Capital Investments LLC now owns 54,700 shares of the company’s stock worth $705,000 after acquiring an additional 36,300 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of NU in the second quarter worth approximately $339,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in NU by 16.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,481 shares of the company’s stock valued at $444,000 after acquiring an additional 4,956 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

Analysts Set New Price Targets

NU has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research report on Friday, August 2nd. Susquehanna reissued a “positive” rating and issued a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. The Goldman Sachs Group upped their target price on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Barclays lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.08.

NU Stock Performance

NYSE:NU opened at $13.65 on Tuesday. Nu Holdings Ltd. has a 1 year low of $6.80 and a 1 year high of $15.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The business has a fifty day simple moving average of $13.61 and a two-hundred day simple moving average of $12.52. The company has a market capitalization of $65.06 billion, a P/E ratio of 52.50, a P/E/G ratio of 0.67 and a beta of 1.17.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same period in the previous year, the business posted $0.05 EPS. On average, analysts expect that Nu Holdings Ltd. will post 0.41 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.