Allspring Global Investments Holdings LLC Has $145,000 Holdings in Nu Holdings Ltd. (NYSE:NU)

Allspring Global Investments Holdings LLC decreased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 26.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,649 shares of the company’s stock after selling 3,887 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NU were worth $145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC grew its holdings in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the last quarter. ORG Partners LLC acquired a new position in NU in the 2nd quarter valued at approximately $54,000. Opal Wealth Advisors LLC bought a new position in shares of NU during the second quarter valued at $88,000. Finally, LRI Investments LLC acquired a new position in shares of NU during the first quarter worth $91,000. Institutional investors own 80.90% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $14.34 on Monday. The firm has a 50 day moving average of $14.35 and a 200-day moving average of $12.92. The company has a market cap of $68.34 billion, a price-to-earnings ratio of 46.26, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a 52 week low of $7.74 and a 52 week high of $15.98.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Bank of America raised their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Barclays lifted their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. The Goldman Sachs Group increased their target price on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. UBS Group downgraded 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.