Nu Holdings Ltd. $NU Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 41.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,562 shares of the company’s stock after selling 16,454 shares during the quarter. Cresset Asset Management LLC’s holdings in NU were worth $241,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NU. GAMMA Investing LLC boosted its position in NU by 2,069.9% during the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company’s stock worth $7,050,000 after acquiring an additional 68,865 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in NU in the 1st quarter worth approximately $113,000. Cetera Investment Advisers boosted its holdings in shares of NU by 6.0% during the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company’s stock worth $2,013,000 after purchasing an additional 10,955 shares during the last quarter. SG Americas Securities LLC grew its position in shares of NU by 212.1% in the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company’s stock valued at $854,000 after purchasing an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC increased its holdings in shares of NU by 3.1% in the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company’s stock valued at $12,798,000 after purchasing an additional 37,888 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Up 0.4%

Shares of NYSE:NU opened at $14.29 on Wednesday. The company has a market capitalization of $68.83 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 0.79 and a beta of 1.05. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The business has a 50-day moving average price of $12.99 and a 200 day moving average price of $12.17. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last posted its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on NU shares. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, June 30th. Bank of America boosted their price target on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday. Santander raised shares of NU to a “neutral” rating in a report on Monday. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.70.

NU 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.