Nu Holdings Ltd. $NU Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 17.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,006,366 shares of the company’s stock after selling 207,617 shares during the quarter. Federated Hermes Inc.’s holdings in NU were worth $13,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NU. Armstrong Advisory Group Inc. acquired a new position in shares of NU in the 2nd quarter valued at $27,000. Capital Analysts LLC purchased a new stake in NU in the first quarter valued at approximately $31,000. ORG Partners LLC increased its holdings in NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after buying an additional 1,920 shares during the period. Quaker Wealth Management LLC raised its position in NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after buying an additional 4,341 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in NU during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $16.71 on Thursday. The company has a market capitalization of $80.52 billion, a P/E ratio of 32.77, a P/E/G ratio of 0.80 and a beta of 1.07. The business’s 50 day moving average is $15.97 and its two-hundred day moving average is $14.38. 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 $17.84.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. Analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Monday, August 18th. Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. KeyCorp upped their target price on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Bank of America lifted their price target on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. Finally, JPMorgan Chase & Co. upped their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

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.