Park Avenue Securities LLC Trims Holdings in Nu Holdings Ltd. (NYSE:NU)

Park Avenue Securities LLC reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,813 shares of the company’s stock after selling 2,869 shares during the period. Park Avenue Securities LLC’s holdings in NU were worth $295,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its position in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares during the last quarter. Norges Bank purchased a new stake in shares of NU in the 4th quarter valued at approximately $447,762,000. Geode Capital Management LLC increased its position in shares of NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company’s stock valued at $348,774,000 after purchasing an additional 1,179,748 shares during the last quarter. Northern Trust Corp increased its position in shares of NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company’s stock valued at $264,140,000 after purchasing an additional 7,930,598 shares during the last quarter. Finally, Ribbit Management Company LLC increased its position in shares of NU by 22.1% in the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company’s stock valued at $261,525,000 after purchasing an additional 4,575,000 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NU has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Susquehanna increased their price objective on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, UBS Group lowered their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.13.

NU Stock Down 0.6%

Shares of NYSE:NU opened at $11.92 on Monday. The stock has a market cap of $57.45 billion, a P/E ratio of 29.81, a P/E/G ratio of 0.48 and a beta of 1.04. The firm has a fifty day moving average price of $11.95 and a 200 day moving average price of $11.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter in the prior year, the company earned $0.09 EPS. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.