Nu Holdings Ltd. (NYSE:NU) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,291,453 shares of the company’s stock after selling 21,503 shares during the period. Tidal Investments LLC’s holdings in NU were worth $23,739,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NU. Barclays PLC lifted its stake in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock worth $13,718,000 after acquiring an additional 359,733 shares during the period. Principal Financial Group Inc. lifted its stake in shares of NU by 315.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after acquiring an additional 876,039 shares during the period. Park Avenue Securities LLC lifted its stake in shares of NU by 57.7% in the 4th quarter. Park Avenue Securities LLC now owns 31,682 shares of the company’s stock worth $328,000 after acquiring an additional 11,586 shares during the period. Merit Financial Group LLC bought a new stake in shares of NU in the 4th quarter worth approximately $159,000. Finally, Shelton Wealth Management LLC raised its holdings in shares of NU by 5.2% in the 4th quarter. Shelton Wealth Management LLC now owns 101,506 shares of the company’s stock worth $1,052,000 after purchasing an additional 4,993 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NU has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Susquehanna boosted their target price on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a report on Wednesday. UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, NU currently has an average rating of “Moderate Buy” and an average target price of $15.13.

NU Stock Down 0.7%

NU stock opened at $13.04 on Friday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company’s 50 day simple moving average is $11.45 and its 200-day simple moving average is $12.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $62.83 billion, a P/E ratio of 32.60, a P/E/G ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.