Nu Holdings Ltd. (NYSE:NU) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 74.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,595 shares of the company’s stock after selling 31,376 shares during the period. SYSTM Wealth Solutions LLC’s holdings in NU were worth $137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC purchased a new stake in NU during the 1st quarter valued at about $152,000. Wasatch Advisors LP grew its stake in NU by 19.4% during the 4th quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock valued at $199,497,000 after purchasing an additional 3,886,442 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in NU during the 1st quarter valued at about $1,958,000. Vaughan Nelson Investment Management L.P. grew its stake in NU by 499.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock valued at $5,326,000 after purchasing an additional 344,295 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of NU in the first quarter worth about $597,000. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

Shares of NU stock opened at $14.85 on Thursday. Nu Holdings Ltd. has a 12 month low of $6.77 and a 12 month high of $15.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $70.77 billion, a P/E ratio of 57.12, a PEG ratio of 0.68 and a beta of 1.17. The business has a 50 day simple moving average of $13.40 and a two-hundred day simple moving average of $12.32.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the firm earned $0.05 earnings per share. As a group, analysts predict that Nu Holdings Ltd. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on NU shares. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Bank of America upped their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Susquehanna restated a “positive” rating and issued a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Jefferies Financial Group upped their target price on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. increased their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.08.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.