Personal CFO Solutions LLC Lowers Position in Nu Holdings Ltd. (NYSE:NU)

Personal CFO Solutions LLC lowered its position in Nu Holdings Ltd. (NYSE:NU) by 19.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 42,082 shares of the company’s stock after selling 9,940 shares during the period. Personal CFO Solutions LLC’s holdings in NU were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NU. NBC Securities Inc. boosted its stake in shares of NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock valued at $29,000 after buying an additional 2,860 shares during the period. TFC Financial Management Inc. grew its stake in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after acquiring an additional 1,325 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock valued at $39,000 after acquiring an additional 1,295 shares in the last quarter. Farther Finance Advisors LLC grew its stake in NU by 128.7% in the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company’s stock worth $44,000 after acquiring an additional 2,392 shares during the period. Finally, Orion Capital Management LLC purchased a new position in shares of NU during the 4th quarter worth about $50,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

NU opened at $13.59 on Wednesday. The company has a market cap of $65.49 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $12.61 and a two-hundred day simple moving average of $11.86.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter in the prior year, the firm posted $0.09 EPS. Research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the subject of several analyst reports. Susquehanna upped their target price on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a research note on Wednesday, May 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of NU in a research report on Friday, June 13th. Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research note on Monday, June 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

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.