Venturi Wealth Management LLC Sells 5,983 Shares of Nu Holdings Ltd. (NYSE:NU)

Venturi Wealth Management LLC lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 24.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,622 shares of the company’s stock after selling 5,983 shares during the period. Venturi Wealth Management LLC’s holdings in NU were worth $193,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its stake in NU by 84.7% during the 4th quarter. D.A. Davidson & CO. now owns 31,060 shares of the company’s stock worth $322,000 after acquiring an additional 14,239 shares during the period. State of New Jersey Common Pension Fund D increased its stake in NU by 15.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,363,069 shares of the company’s stock worth $14,121,000 after acquiring an additional 187,411 shares during the period. Americana Partners LLC boosted its holdings in shares of NU by 34.2% in the 4th quarter. Americana Partners LLC now owns 21,418 shares of the company’s stock valued at $222,000 after purchasing an additional 5,463 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of NU in the 4th quarter valued at $142,000. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. UBS Group reduced their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.80.

NU Stock Down 19.2 %

Shares of NU opened at $10.78 on Friday. The company has a market capitalization of $51.35 billion, a PE ratio of 29.93, a PEG ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The stock’s 50-day moving average price is $11.92 and its two-hundred day moving average price is $13.23. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 28.70% and a net margin of 16.28%. On average, analysts anticipate that Nu Holdings Ltd. will post 0.42 EPS 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.