Cetera Investment Advisers Sells 6,831 Shares of Nu Holdings Ltd. $NU

Cetera Investment Advisers reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 191,620 shares of the company’s stock after selling 6,831 shares during the quarter. Cetera Investment Advisers’ holdings in NU were worth $2,629,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of NU by 24.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock worth $557,422,000 after purchasing an additional 10,785,851 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of NU by 38.1% in the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after buying an additional 11,567,865 shares in the last quarter. Kontiki Capital Management HK Ltd. lifted its stake in shares of NU by 54.3% in the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock valued at $333,575,000 after buying an additional 11,465,700 shares in the last quarter. Northern Trust Corp grew its holdings in shares of NU by 9.3% during the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock valued at $285,385,000 after buying an additional 2,373,500 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NU by 13.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,830,023 shares of the company’s stock worth $223,539,000 after acquiring an additional 2,597,714 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $17.47 on Friday. The business’s fifty day simple moving average is $15.77 and its 200 day simple moving average is $14.13. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $17.56. The firm has a market capitalization of $84.16 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08.

NU (NYSE:NU) last announced its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. UBS Group lifted their target price on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price target for the company in a research report on Monday, August 25th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Monday, August 18th. Finally, Susquehanna upped their target price on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.44.

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.