Hershey Trust Co. Has $399,000 Holdings in Nu Holdings Ltd. $NU

Hershey Trust Co. decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 94.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,046 shares of the company’s stock after selling 500,018 shares during the quarter. NU makes up about 0.0% of Hershey Trust Co.’s holdings, making the stock its 5th biggest position. Hershey Trust Co.’s holdings in NU were worth $399,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NU. Armstrong Advisory Group Inc. bought a new stake in shares of NU during the 2nd quarter worth about $27,000. Capital Analysts LLC acquired a new stake in NU in the 1st quarter worth approximately $31,000. ORG Partners LLC boosted its position in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after purchasing an additional 1,920 shares during the period. Quaker Wealth Management LLC lifted its stake in shares of NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after buying an additional 4,341 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of NU during the 1st quarter worth $34,000. 84.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on NU. Santander upgraded shares of NU to a “neutral” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. raised their price target on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Susquehanna lifted their price target on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. Finally, Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, NU has a consensus rating of “Moderate Buy” and an average price target of $17.44.

NU Stock Performance

Shares of NYSE:NU opened at $17.25 on Thursday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $17.38. The stock has a market capitalization of $83.10 billion, a P/E ratio of 33.81, a P/E/G ratio of 0.82 and a beta of 1.08. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $15.72 and a two-hundred day moving average price of $14.07.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Company 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.