C WorldWide Group Holding A S Sells 17,385 Shares of Nu Holdings Ltd. $NU

C WorldWide Group Holding A S lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 32.9% during the second quarter, HoldingsChannel.com reports. The firm owned 35,472 shares of the company’s stock after selling 17,385 shares during the period. C WorldWide Group Holding A S’s holdings in NU were worth $487,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NU. Armstrong Advisory Group Inc. bought a new stake in shares of NU in the second quarter worth $27,000. Capital Analysts LLC bought a new stake in shares of NU in the first quarter worth $31,000. ORG Partners LLC lifted its position in shares of NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after purchasing an additional 1,920 shares in the last quarter. Quaker Wealth Management LLC raised its position in NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after acquiring an additional 4,341 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in NU during the first quarter worth $34,000. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NU. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price target on the stock in a research report on Monday, August 25th. Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Monday, August 18th. JPMorgan Chase & Co. upped their price target on shares of NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Bank of America upped their price target on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Finally, Citigroup raised shares of NU from a “sell” rating to a “buy” rating and upped their price target for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.10.

NU Price Performance

NYSE:NU opened at $16.17 on Thursday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.50. The company has a market cap of $77.92 billion, a P/E ratio of 35.15, a P/E/G ratio of 0.81 and a beta of 1.08. The firm’s fifty day moving average price is $15.52 and its two-hundred day moving average price is $13.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

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

About NU

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.