SBI Securities Co. Ltd. Decreases Stock Holdings in Nu Holdings Ltd. $NU

SBI Securities Co. Ltd. lowered its position in Nu Holdings Ltd. (NYSE:NU) by 22.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 159,946 shares of the company’s stock after selling 46,119 shares during the period. SBI Securities Co. Ltd.’s holdings in NU were worth $2,194,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brown Advisory Inc. boosted its stake in NU by 32.3% in the first quarter. Brown Advisory Inc. now owns 31,371 shares of the company’s stock valued at $321,000 after acquiring an additional 7,664 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of NU during the first quarter worth $61,000. Cerity Partners LLC lifted its holdings in shares of NU by 4.4% during the 1st quarter. Cerity Partners LLC now owns 606,802 shares of the company’s stock valued at $6,214,000 after purchasing an additional 25,466 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of NU during the 1st quarter valued at $137,000. Finally, CWM LLC boosted its position in shares of NU by 40.2% in the 1st quarter. CWM LLC now owns 75,008 shares of the company’s stock worth $768,000 after purchasing an additional 21,508 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 1.3%

Shares of NU stock opened at $16.18 on Thursday. The stock has a market cap of $77.94 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08. The firm has a fifty day moving average price of $15.64 and a 200 day moving average price of $13.83. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.55. 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 announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period last year, the firm earned $0.12 EPS. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Monday, August 18th. Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price objective on the stock in a report on Monday, August 25th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Santander upgraded shares of NU to a “neutral” rating in a research note on Monday, August 25th. Finally, Bank of America raised their price target on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.10.

NU Profile

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.