Raymond James & Associates Trims Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Raymond James & Associates lowered its position in Nu Holdings Ltd. (NYSE:NU) by 14.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 396,972 shares of the company’s stock after selling 65,722 shares during the quarter. Raymond James & Associates’ holdings in NU were worth $5,419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of NU. Massmutual Trust Co. FSB ADV grew its holdings in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC grew its holdings in NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the period. ORG Partners LLC acquired a new position in NU during the second quarter worth $54,000. Opal Wealth Advisors LLC acquired a new position in NU during the second quarter worth $88,000. Finally, LRI Investments LLC acquired a new position in NU during the first quarter worth $91,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group upped their target price on NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Bank of America upped their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Barclays upped their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Susquehanna reissued a “positive” rating and issued a $16.00 target price on shares of NU in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. upped their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.21.

NU Stock Down 5.0 %

Shares of NYSE:NU opened at $14.33 on Friday. The stock’s fifty day simple moving average is $14.35 and its 200-day simple moving average is $12.91. Nu Holdings Ltd. has a 52-week low of $7.74 and a 52-week high of $15.98. The company has a market capitalization of $68.30 billion, a P/E ratio of 46.23, a P/E/G ratio of 0.72 and a beta of 1.15. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last released its earnings results 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 return on equity of 27.00% and a net margin of 15.11%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the business posted $0.05 earnings per share. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal 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.