Dakota Wealth Management Trims Stock Position in Nu Holdings Ltd. (NYSE:NU)

Dakota Wealth Management cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,498 shares of the company’s stock after selling 786 shares during the period. Dakota Wealth Management’s holdings in NU were worth $580,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its position in shares of NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC grew its position in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of NU during the 3rd quarter valued at about $44,000. ORG Partners LLC acquired a new stake in shares of NU during the 2nd quarter valued at about $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of NU during the 3rd quarter valued at about $55,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on NU. Susquehanna reiterated a “positive” rating and issued a $16.00 price objective on shares of NU in a report on Thursday, August 15th. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.21.

NU Trading Down 0.5 %

NU opened at $14.94 on Monday. 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 company’s 50 day simple moving average is $14.26 and its two-hundred day simple moving average is $12.79. Nu Holdings Ltd. has a 1-year low of $7.74 and a 1-year high of $15.16. The firm has a market capitalization of $71.20 billion, a price-to-earnings ratio of 57.46, a price-to-earnings-growth ratio of 0.66 and a beta of 1.15.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period last year, the company posted $0.05 EPS. Analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

NU 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.