Investmentaktiengesellschaft Fuer Langfristige Investoren TGV Trims Position in Nu Holdings Ltd. (NYSE:NU)

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV decreased its position in Nu Holdings Ltd. (NYSE:NUFree Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,000 shares of the company’s stock after selling 5,000 shares during the quarter. NU makes up 0.1% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s portfolio, making the stock its 20th biggest holding. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in NU were worth $833,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NU. Vanguard Personalized Indexing Management LLC lifted its holdings in NU by 10.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 25,815 shares of the company’s stock valued at $187,000 after acquiring an additional 2,528 shares during the last quarter. HighTower Advisors LLC raised its position in shares of NU by 75.8% during the third quarter. HighTower Advisors LLC now owns 697,634 shares of the company’s stock worth $5,060,000 after purchasing an additional 300,792 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in NU during the 3rd quarter valued at approximately $125,000. Aviva PLC bought a new stake in NU during the 3rd quarter worth approximately $639,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of NU by 37.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock valued at $60,000 after purchasing an additional 2,258 shares during the period. 80.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on NU shares. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. KeyCorp lifted their price objective on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Susquehanna lifted their price objective on shares of NU from $12.00 to $14.00 and gave the company a “positive” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus price target of $10.74.

Read Our Latest Analysis on NU

NU Stock Performance

Shares of NU stock traded up $0.14 during trading hours on Friday, hitting $11.76. The company’s stock had a trading volume of 18,899,340 shares, compared to its average volume of 21,623,578. The company has a 50 day moving average of $11.50 and a 200 day moving average of $10.40. The stock has a market cap of $56.05 billion, a PE ratio of 45.23, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21. Nu Holdings Ltd. has a 12-month low of $6.61 and a 12-month high of $12.49.

NU (NYSE:NUGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.58 billion. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

About NU

(Free Report)

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.

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Institutional Ownership by Quarter for NU (NYSE:NU)

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