Hantz Financial Services Inc. Trims Stock Position in Nu Holdings Ltd. $NU

Hantz Financial Services Inc. lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 4.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 142,785 shares of the company’s stock after selling 6,296 shares during the period. Hantz Financial Services Inc.’s holdings in NU were worth $1,959,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in shares of NU during the 2nd quarter valued at about $27,000. Quaker Wealth Management LLC raised its stake in shares of NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares during the last quarter. ORG Partners LLC increased its stake in shares of NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after purchasing an additional 1,920 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of NU in the 2nd quarter valued at about $36,000. Finally, Capital Analysts LLC purchased a new position in shares of NU in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 0.5%

NU stock opened at $16.15 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42. The stock has a market cap of $77.80 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 0.83 and a beta of 1.08. The business’s 50-day moving average is $15.42 and its 200 day moving average is $13.54.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the firm posted $0.12 EPS. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. UBS Group lifted their price target on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Santander upgraded NU to a “neutral” rating in a research note on Monday, August 25th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and lifted their price target for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Monday, August 18th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.10.

NU Company 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.