Private Advisor Group LLC Sells 35,172 Shares of Nu Holdings Ltd. (NYSE:NU)

Private Advisor Group LLC trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 40.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,375 shares of the company’s stock after selling 35,172 shares during the quarter. Private Advisor Group LLC’s holdings in NU were worth $715,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its stake in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of NU in the 3rd quarter valued at approximately $44,000. ORG Partners LLC acquired a new stake in NU in the 2nd quarter worth approximately $54,000. Finally, Toth Financial Advisory Corp purchased a new stake in NU during the 3rd quarter worth approximately $55,000. 80.90% of the stock is currently owned by institutional investors.

NU Stock Down 5.0 %

Shares of NU stock opened at $14.34 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a twelve month low of $7.74 and a twelve month high of $15.98. The stock has a 50 day moving average of $14.35 and a 200 day moving average of $12.92. The stock has a market cap of $68.34 billion, a P/E ratio of 46.26, a P/E/G ratio of 0.69 and a beta of 1.13.

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

Analysts Set New Price Targets

NU has been the subject of a number of research analyst reports. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a report on Friday, August 2nd. Bank of America lifted their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Barclays increased their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Susquehanna reaffirmed a “positive” rating and set a $16.00 target price on shares of NU in a report on Thursday, August 15th. Finally, The Goldman Sachs Group increased their price target on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.21.

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.