Virtu Financial LLC Sells 299,076 Shares of Nu Holdings Ltd. (NYSE:NU)

Virtu Financial LLC lessened its stake in Nu Holdings Ltd. (NYSE:NU) by 77.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,569 shares of the company’s stock after selling 299,076 shares during the period. Virtu Financial LLC’s holdings in NU were worth $897,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NU. Baillie Gifford & Co. grew its position in shares of NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock valued at $2,715,243,000 after buying an additional 40,181,132 shares during the last quarter. D1 Capital Partners L.P. bought a new stake in shares of NU during the 4th quarter valued at about $154,209,000. Kontiki Capital Management HK Ltd. boosted its position in shares of NU by 54.3% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock valued at $333,575,000 after purchasing an additional 11,465,700 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of NU during the 4th quarter valued at about $92,194,000. Finally, Northern Trust Corp boosted its position in shares of NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company’s stock valued at $264,140,000 after purchasing an additional 7,930,598 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NU. Susquehanna upped their target price on NU from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Wednesday, May 14th. Barclays upped their target price on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Morgan Stanley restated an “overweight” rating on shares of NU in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. upped their target price on NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research report 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

NU Price Performance

NYSE:NU opened at $12.24 on Wednesday. The firm has a market capitalization of $58.98 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 0.67 and a beta of 1.05. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The stock has a fifty day moving average of $12.74 and a 200 day moving average of $12.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the previous year, the business earned $0.09 EPS. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.