Lake Street Advisors Group LLC Trims Holdings in Nu Holdings Ltd. (NYSE:NU)

Lake Street Advisors Group LLC reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 0.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 696,360 shares of the company’s stock after selling 1,334 shares during the period. Lake Street Advisors Group LLC’s holdings in NU were worth $7,214,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Piscataqua Savings Bank increased its position in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the period. Huntington National Bank increased its holdings in shares of NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after purchasing an additional 2,131 shares during the period. Berbice Capital Management LLC purchased a new stake in shares of NU during the fourth quarter worth approximately $93,000. SteelPeak Wealth LLC acquired a new stake in shares of NU during the fourth quarter worth $105,000. Finally, Quarry LP grew its position in NU by 104.8% in the 3rd quarter. Quarry LP now owns 7,890 shares of the company’s stock valued at $108,000 after buying an additional 4,037 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

NYSE NU opened at $11.25 on Wednesday. The business has a 50 day moving average price of $11.90 and a 200 day moving average price of $13.24. The company has a market capitalization of $53.60 billion, a P/E ratio of 28.12, a PEG ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on NU shares. JPMorgan Chase & Co. cut their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday. Barclays cut their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.47.

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.