Nu Holdings Ltd. (NYSE:NU) Position Reduced by Deepwater Asset Management LLC

Deepwater Asset Management LLC trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 16.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,259,498 shares of the company’s stock after selling 244,671 shares during the quarter. NU makes up 5.5% of Deepwater Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Deepwater Asset Management LLC’s holdings in NU were worth $12,897,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in NU by 2,069.9% during the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company’s stock worth $7,050,000 after purchasing an additional 68,865 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of NU in the first quarter valued at $113,000. Cetera Investment Advisers lifted its position in shares of NU by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company’s stock valued at $2,013,000 after acquiring an additional 10,955 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of NU by 212.1% in the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company’s stock valued at $854,000 after acquiring an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC lifted its position in shares of NU by 3.1% in the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company’s stock valued at $12,798,000 after acquiring an additional 37,888 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NU has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of NU in a research report on Friday, June 13th. Susquehanna upped their price objective on NU from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research report on Monday, June 30th. Finally, Barclays upped their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.50.

NU Stock Performance

NYSE NU opened at $12.00 on Friday. The business’s 50-day moving average price is $12.75 and its 200 day moving average price is $12.16. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The company has a market capitalization of $57.80 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last released its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the company posted $0.09 earnings per share. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.