Nu Holdings Ltd. (NYSE:NU) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,710,127 shares of the company’s stock after selling 4,514,586 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.78% of NU worth $437,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners purchased a new position in NU in the fourth quarter valued at $52,000. UMB Bank n.a. purchased a new position in NU in the fourth quarter valued at $55,000. Benjamin F. Edwards & Company Inc. purchased a new position in NU in the fourth quarter valued at $94,000. ProVise Management Group LLC boosted its holdings in NU by 13.5% in the fourth quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock valued at $96,000 after purchasing an additional 1,380 shares during the period. Finally, Sapient Capital LLC acquired a new stake in NU in the fourth quarter valued at $99,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NU has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut NU from an “overweight” rating to a “neutral” rating and raised their price target for the company from $12.00 to $14.50 in a research note on Monday, July 22nd. KeyCorp lifted their target price on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Barclays initiated coverage on NU in a research report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 target price on the stock. Susquehanna lifted their target price on NU from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group lifted their target price on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.98.

NU Stock Performance

NU stock traded up $0.06 during trading on Monday, hitting $12.47. The company had a trading volume of 3,461,117 shares, compared to its average volume of 28,572,566. The firm has a market cap of $59.43 billion, a PE ratio of 48.04, a price-to-earnings-growth ratio of 0.58 and a beta of 1.14. Nu Holdings Ltd. has a 1-year low of $6.61 and a 1-year high of $13.64. The firm has a 50-day moving average price of $12.33 and a 200-day moving average price of $11.34. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21.

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

About NU

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.