Atria Investments Inc Cuts Position in Nu Holdings Ltd. (NYSE:NU)

Atria Investments Inc cut its stake in Nu Holdings Ltd. (NYSE:NU) by 11.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,588 shares of the company’s stock after selling 13,905 shares during the quarter. Atria Investments Inc’s holdings in NU were worth $1,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NU. Allspring Global Investments Holdings LLC increased its holdings in shares of NU by 179.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after acquiring an additional 5,672 shares during the period. Hamilton Lane Advisors LLC grew its stake in NU by 97.8% during the 1st quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock worth $5,974,000 after buying an additional 247,642 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in NU during the 1st quarter worth $133,000. US Bancorp DE grew its stake in NU by 1,241.5% during the 1st quarter. US Bancorp DE now owns 226,036 shares of the company’s stock worth $2,697,000 after buying an additional 209,187 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in NU during the 1st quarter worth $130,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NU. JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday. Susquehanna lifted their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

NU Stock Performance

Shares of NU stock opened at $14.06 on Friday. The stock has a market cap of $66.99 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13. The business has a 50-day simple moving average of $14.48 and a 200-day simple moving average of $13.21. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a 52-week low of $7.74 and a 52-week high of $16.15.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 29.70% and a net margin of 16.28%. During the same quarter in the previous year, the firm posted $0.05 EPS. On average, equities analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current year.

NU Profile

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.