Harbour Investments Inc. Sells 1,036 Shares of Nu Holdings Ltd. (NYSE:NU)

Harbour Investments Inc. cut its position in Nu Holdings Ltd. (NYSE:NU) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,269 shares of the company’s stock after selling 1,036 shares during the quarter. Harbour Investments Inc.’s holdings in NU were worth $809,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NU. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in NU by 1,074.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock worth $1,790,000 after buying an additional 119,972 shares during the period. Public Investment Fund boosted its holdings in shares of NU by 223.1% in the second quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock worth $49,014,000 after acquiring an additional 2,625,500 shares during the period. Bleakley Financial Group LLC purchased a new position in shares of NU in the first quarter valued at $152,000. Fiera Capital Corp bought a new stake in shares of NU during the 3rd quarter valued at $3,045,000. Finally, National Pension Service purchased a new stake in NU during the 3rd quarter worth about $11,477,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Trading Down 7.5 %

Shares of NU opened at $14.06 on Friday. The stock has a market capitalization of $66.99 billion, a P/E ratio of 39.04, a PEG ratio of 0.71 and a beta of 1.13. Nu Holdings Ltd. has a twelve month low of $7.74 and a twelve month high of $16.15. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $14.48 and a two-hundred day simple moving average of $13.21.

NU (NYSE:NU) last released 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 return on equity of 29.70% and a net margin of 16.28%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the business posted $0.05 EPS. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Analyst Upgrades and Downgrades

NU has been the subject of several analyst reports. Susquehanna raised their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday. Barclays upped their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Bank of America lifted their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

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.