Nu Holdings Ltd. $NU Shares Sold by Connable Office Inc.

Connable Office Inc. lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 6.9% in the second quarter, Holdings Channel.com reports. The firm owned 63,060 shares of the company’s stock after selling 4,676 shares during the period. Connable Office Inc.’s holdings in NU were worth $865,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. IFM Investors Pty Ltd lifted its holdings in shares of NU by 46.4% in the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock worth $1,098,000 after purchasing an additional 34,017 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of NU by 39.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock worth $1,315,000 after purchasing an additional 27,335 shares during the last quarter. Kera Capital Partners Inc. lifted its holdings in shares of NU by 6.8% in the 2nd quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock worth $7,280,000 after purchasing an additional 33,999 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of NU by 87.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock worth $879,000 after purchasing an additional 29,824 shares during the last quarter. Finally, LBP AM SA lifted its holdings in shares of NU by 241.2% in the 2nd quarter. LBP AM SA now owns 824,623 shares of the company’s stock worth $11,314,000 after purchasing an additional 582,919 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NYSE NU opened at $16.13 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $77.70 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 0.83 and a beta of 1.08. The stock’s fifty day simple moving average is $15.45 and its 200 day simple moving average is $13.62. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.50.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NU shares. Susquehanna raised their price target on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. 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. UBS Group lifted their price target on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. lifted their price target on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Finally, Santander upgraded NU to a “neutral” rating in a research report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $17.10.

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.