Quarry LP Has $50,000 Holdings in Nu Holdings Ltd. (NYSE:NU)

Quarry LP decreased its position in Nu Holdings Ltd. (NYSE:NU) by 57.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,853 shares of the company’s stock after selling 5,183 shares during the quarter. Quarry LP’s holdings in NU were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NU. Steward Partners Investment Advisory LLC lifted its position in shares of NU by 10.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 30,500 shares of the company’s stock worth $254,000 after purchasing an additional 3,000 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of NU by 25.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 558,174 shares of the company’s stock worth $4,650,000 after buying an additional 114,279 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of NU by 13.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 830,595 shares of the company’s stock valued at $6,919,000 after acquiring an additional 100,320 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of NU by 5.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 151,484 shares of the company’s stock valued at $1,262,000 after acquiring an additional 7,538 shares during the last quarter. Finally, Seven Eight Capital LP raised its holdings in NU by 1,347.2% during the fourth quarter. Seven Eight Capital LP now owns 894,049 shares of the company’s stock worth $7,447,000 after acquiring an additional 832,270 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. Barclays boosted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Jefferies Financial Group raised their price objective on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, Bank of America boosted their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.08.

NU Stock Up 1.1 %

NU stock opened at $13.24 on Friday. Nu Holdings Ltd. has a fifty-two week low of $6.96 and a fifty-two week 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 $63.10 billion, a price-to-earnings ratio of 50.92, a PEG ratio of 0.67 and a beta of 1.15. The business’s fifty day moving average price is $13.65 and its two-hundred day moving average price is $12.54.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company earned $0.05 EPS. On average, equities analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

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.